I'm sure Ole will be targeting top 4 this season, but it won't be easy to get there. It's likely a 4 way battle for 2 spots as it was last season. I think getting CL qualification is the right place to set the bar, although in truth the football was so dire last season that if we were to finish 5th or 6th but play an attractive and attacking style I may accept that. As long as the rebuild continues and more signings are made at the end of the season.
Long term, the goal must always be to win titles, but you've got to have a realistic look at our short term situation and understand we're nowhere near that. It'll take at least 3 years to mount a challenge and that's if we make the right signings, which frankly I'm not confident about.