The former Chelsea manager was named successor to Harry Redknapp on Tuesday, penning a three-year contract to become head coach at White Hart Lane. Villas-Boas has been charged with ensuring Tottenham qualify for the Champions League next season and Levy believes the Portuguese is ready for the task.
"I am delighted that Andre has agreed to become our new head coach," he told the club's official website, www.tottenhamhotspur.com. "He has an outstanding reputation for his technical knowledge of the game and for creating well-organised teams capable of playing football in an attractive and attacking style."
Levy added: "Andre shares our long-term ambitions and ethos of developing players and nurturing young talent, and he will be able to do so now at a new world-class training centre. We are constantly looking to move the club forward.
"It is important that we now look to develop the potential within the squads at all levels, whilst strengthening the first-team in the summer in key positions with players who will become part of the future success of the club."
Villas-Boas will be hoping to rebuild his reputation at Spurs after an ill-fated spell at Chelsea, which ended in dismissal eight months into a three-year contract.
The 34-year-old has brought two of his former Blues staff with him - first-team fitness coach Jose Mario Rocha and head of opposition scouting Daniel Sousa - and is relishing the opportunity to rebuild his once burgeoning reputation.
"Tottenham Hotspur is a great club with a strong tradition and fantastic support, both at home and throughout the world," Villas-Boas said. "I feel privileged to be its coach. For me, this is one of the most exciting coaching positions in the Premier League.
"I have had several discussions with the chairman and the board and I share their vision for the future progress of the club.
"This is a squad any coach would love to work with and together I believe we can bring success in the seasons ahead."
Source: PA
Source: PA