The 45-year-old enjoyed two separate spells at Goodison Park during his playing career, scoring 72 goals in 273 appearances including 60 in the Premier League - a club record which has recently been equalled by Romelu Lukaku.
Ferguson talked up the qualities of current boss Ronald Koeman, but revealed that he "dreams" of taking over the top job one day.
"I think one day that will be a progression but I'm happy with what I'm doing at the moment. It's a fantastic job and I'm at the best club in the world," he told Sky Sports News.
"That's the future, isn't it. It's a dream. Everyone dreams about being Everton manager. I'm no different from anyone else but, of course, we've got a fantastic manager and I hope that he continues and stays here for a very long time.
"He's been brilliant. I cannot talk highly enough about him, and his brother, they [have] helped me, encouraged me, they've given me more sessions, they've got me more involved, so really I can't thank them enough."
Ferguson joined the club's academy as a coach in October 2011 before working his way up through the Under-18s and to the first team.