Brendan Rodgers wants Leicester to “create new history” by reaching the Carabao Cup final with victory over Premier League rivals Aston Villa.
The Foxes, who last won the trophy in 2000, host Villa in the first leg of their semi-final on Wednesday.
“I’m aware the club hasn’t been to a final for 20 years so let’s get there then,” Rodgers said, with his side strong favourites.
The winners will play Manchester United or Manchester City in the final.
Rodgers added: “Let’s not be worried too much about the past. Let’s create this new history but we know we’re going to have to play well to get there.
“It’s always nice when you have something tangible to show for your progress by reaching the League Cup final.”
Boyhood Aston Villa fan Dean Smith says he is aware of the importance of this competition to the five-time winners.
“The players are all ready,” said the Villa manager. “We don’t have a lot of choice with the numbers we have, but everyone is looking forward to the game.
“Some of my best memories of watching this football club came in this competition – my dad taking me to the 1977 cup final. I know my history about this football club in this competition and I’m excited about leading them in the semi-final.
“There’s a real good work ethic and a drive about the players that I want to continue. We’re all looking forward to two really good games against Leicester.”
Leicester striker Jamie Vardy, who has scored 17 goals for the Foxes this season, will be available after missing the last three matches with a minor calf problem.
However, centre-back Wes Morgan will “miss the next couple of games” according to Rodgers, having come off with a groin injury during Saturday’s 2-0 FA Cup third-round win against Wigan.
Villa will be without striker Wesley, goalkeepers Tom Heaton and Jed Steer and midfielder John McGinn.
Full-back Matt Targett is expected to be back for the match against Manchester City on Sunday.