I think the club hierarchy, and Ancelotti, would happily take European qualification in any form, albeit the new Conference League is less than appealing, for me anyway. But I'm not saying it wouldn't represent progress of a sort.
Qualification for that though, if it came to that, would have to be managed very carefully. But that would be next seasons problem.
Lets get there first and try to make further progress in the LC. It's tough to see us winning it, but we absolutely can.
If Ancelotti could deliver a pot so soon, then its as significant for us as getting into the Top 4 without a doubt.