The Rossoneri are eight points clear with just four games remaining and appear well set to claim the Italian title for the first time since 2004. And if that aim is achieved they will target continental success in 2011/12.
Allegri, in his first year in charge at the San Siro, told Gazzetta dello Sport: "The team is ready to confirm next season what we have done this and obviously do better in Europe. Next year, the Champions League will be the most important goal."
Asked whether he would be given an increased budget this summer to help him achieve that target, he said: "I haven't addressed that issue with the board, but I think the club will make some important investments."
Milan strengthened heavily before the start of this season with the likes of Zlatan Ibrahimovic joining the Rossoneri with Italy playmaker Antonio Cassano following in January after his acrimonious departure from Sampdoria.
And with financial prudence currently the order of the day in Italy's top flight, Allegri realises he has been fortunate to be able to build a side which looks as though it will end Inter Milan's dominance.
"The club signed some big players in August and January and, in doing so, gave out some strong signals," he said. "Do not forget that Inter were heavy favourites at the start of the season. I consider myself very lucky to have arrived at Milan in a year of great investment."
In France, Marseille, the defending champions, are halfway to repeating the domestic double they achieved last year.
Marseille successfully defended the League Cup with a 1-0 win over Montpellier at the weekend and can knock the league leaders Lille off their perch with a win against Nice tonight in a rescheduled match.
Taye Taiwo, the Nigeria defender, is available but is facing a lengthy suspension for an expletive-laced chant following the victory in the League Cup.
The French league will submit Taiwo's case to the football federation's ethics council, which will decide whether to suspend him.