The 30-year-old, who joined Spurs in 2010, believes the Tottenham squad is full of talent and should be performing better in Europe under manager Mauricio Pochettino.
Lloris said, 'it's been five seasons now that I've been with Spurs and I've got a little bit frustrated about European competition, because I think we've got the talent to go further than we've done. Even in the Champions League, we have the potential to reach another level.'
'Hopefully this season we can prove our real value, compete against the best teams in Europe and go as far as possible, even if the first target will be to get out of the group stage.'
According to the goalkeeper, Pochettino's side lacked experience in last seasons Champions League campaign.
'For many of the players last season, it was their first experience of the Champions League,' he added.
'Every season the level has to be a step up — individually and collectively. We have a lot of ambition in our squad even if it's still a young team.'