The midfielder was the subject of bids from Chelsea last summer, which chairman Daniel Levy rejected, but is edging towards a move to Real Madrid before the start of the 2012-13 season.
"The interest we have from various different clubs shows the importance of the player and what he's done for Tottenham," Villas-Boas told BBC Sport.
"It's fair to say that the club respects Luka's ambitions and his willingness to move on and he respects the fact that he's an important player for the club and can help us move forward
"Ongoing discussions will continue with these clubs until we reach an agreement which is acceptable for each party."
The Portuguese coach also stated his belief that his experience at Chelsea has made him a better coach as he prepares to seek titles with his new side..
"The experience was extremely gratifying, not professionally in terms of success, but it made me a better coach now than I was at Chelsea," he explained to the club's official website.
"I think as you go past different clubs and experiences you always get something out of them, it moulds you into the professional you are now. In that sense, I think I'm a much better professional now than I was before. In the end, you can never use the fact that things went wrong before to prove a point.
"I think my career has been steadily going up and I see this as a step forward. Based on that I want to commit myself to the fact that I was given this opportunity at such an important club and make sure I repay the confidence that was given to me to lead this club forward."
The 34-year-old, having signed a three-year deal, is confident that the north Londoners have the right foundations to push on and challenge for silverware, with glory not far away.
"I've been well-received by the staff and it's the right setup and environment for us to go through what we want to achieve this season," Villas-Boas continued.
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