Sherwood, formerly manager of Tottenham, was appointed by Villa in February after the departure of Paul Lambert, and is looking to keep the club in the top flight.
Villa are now three points clear of the drop zone, but Sherwood's task is far from complete, and Villa still need to pick up points to secure their Premier League status.
If they do manage to stay up, then Sherwood will almost certainly be looking to make some new signings this summer to awaken Villa from their recent slumber.
The Sun are reporting that Sherwood already has a summer shopping list if Villa stay up, and it contains four of the Championship's most promising players.
The first two both play for Leeds. Right back Sam Byram and midfielder Lewis Cook have been key players under Neil Redfearn this summer, but with their contracts set to expire in 2016, Leeds are certainly vulnerable to losing two of their youth products in the coming months.
Ipswich Town prodigies Tyrone Mings and Teddy Bishop are also believed to be on Sherwood's radar after impressive seasons at Portman Road. Should Ipswich fail to gain promotion back to the Premier League this season, they may be forced to sell one or both of Mings and Bishop - which would seemingly attract Villa's attention.
Purchasing all four would surely cost a huge amount of money, and suggests that Sherwood may have an overhaul of the squad in mind after another poor campaign at Villa Park - and adding some young talent may be his idea to take the club forward.