The Magpies qualified for European football after finishing fifth in the Premier League last year after an impressive campaign.
The Frenchman experienced the Europa League during his days with Lille, but wants to go further with his current employers than he did with his old club.
"I have experience in Europe but I hope to go further with Newcastle," said Cabaye.
"With Lille we made it into the last 16 but with Newcastle, I think we can actually go further than that. We can do better than that, I'm sure.
"We have very good players who can prove themselves in Europe. These are players who believe in themselves."
Newcastle face Greek side Atromitos in the competition's final qualifying round next week.