Ferguson recently celebrated 21 years at Old Trafford, during which time he has won nine Premier League titles since ending the club's 25-year wait for championship success in 1992.

That the famous 1999 Champions League final win against Bayern Munich remains Ferguson's solitary European Cup glory is a source of gnawing frustration to the Scot.

But he believes the time is right for his blossoming young side to recapture the most prized trophy of all and add to the Nou Camp success and the 4-1 win over Benfica under Sir Matt Busby in 1968.

"I'd love to win it again," said Ferguson, who turns 66 on New Year's Eve.

"We've only won it twice and it's ridiculous that this club has only won it twice.

"This club is made for European Cups and we have a chance this year.

"The 1994 was arguably the best team I've had and if we hadn't had the ruling on the amount of foreigners you could play then we could possibly have won the European Cup then.

"The team was that good. It was powerful, had great personalities and was tough as nails with some real match-winners.

"The treble-winning 1999 team's achievement are unparalleled and the present squad can go on to great success - but you can only judge a team on what it has achieved."

Ferguson was speaking at the opening of an exhibition in his honour at the club's museum at Old Trafford.

An innovative three-dimensional image of Ferguson sees him discussing some of the highlights of his reign and the players who served him best.

Not surprisingly, the Red Devils boss pinpoints Eric Cantona as the player who perhaps did more than any other to kickstart Ferguson's glorious era at the club.

The hologram sees Ferguson in his office showing off Cantona's shirt from his final United appearance against West Ham in 1997.

The arrival of the Frenchman from Leeds in November 1992 proved to be a masterstroke, as he guided United to their first league title for 26 years.

By then, a new generation of players had begun to emerge; aptly named 'Fergie's Fledglings' in a reference to the historic Busby Babes of yesteryear.

"Eric came at a very important time," recalled Ferguson. "We were sort of getting there without actually being able to open the door.

"He was the charismatic figure that this club needed - and he had a great belief that United was his destiny.

"When he came on the pitch, he stuck out his chest and the crowd loved him.

"The great thing about Eric was that he made simple passes looked effective.

"He changed everything for us and winning the league for the first time opened the door forever.

"We went on an incredible run after that."