The French star has previously spoken of his desire to compete in the Champions League.
The France and Spurs captain was speaking at a press conference ahead of his national team duties when he was asked whether not playing in Europe’s premier club competition this season was a problem for him.
"Between the Europa League and the Premier League, there are enough important matches," said Lloris.
"In the group stage, we will have Monaco and Anderlecht who were in the Champions League last season.
"You find the top level in all competitions, even though it's of course exciting and important to play in the Champions League."
The Spurs star was expected to be the subject of strong interest from Manchester United this summer, as reported by the Express, but with David De Gea failing to complete his proposed switch to Real Madrid, nothing was formalised.
While Lloris may be happy at Spurs for the time being, it’s hard to imagine him staying beyond next summer should this season not bring about a clear progression.
Breaking into the top four has become the Holy Grail of the Premier League and Mauricio Pochettino’s men have their work cut out if they are to achieve that.
A cup win is a more attainable goal and a failure to give the Europa League their full attention would be a misstep on Tottenham’s part.
The new stadium plans are a demonstration of the club's ambition, but Spurs need to prove they are a team moving forward on the pitch as well as off it, if they hope keep hold of their main men.