He celebrated the Black Cats latest great escape alongside club owner Ellis Short into the early hours today.
But the pair will get down to serious business early next week when Allaryce will demand the financial backing to take Sunderland to the next level.
And he has pledged to recreate the days of his pal Peter Reid who led the Black Cats to successive seventh-place finishes in 2000 and 2001 and only narrowly missed out on European football for the first time since 1973.
"I have a very good working relationship with him, which is always important to any manager. He only wants the best for Sunderland so we have to make it more successful than it has been in recent years."
Allardyce is well aware he has so far done nothing more than predecessors Paolo Di Canio, Gus Poyet and Dick Advocaat in steering Sunderland away from the relegation zone. None of them managed to build on that. But he believes he is the right man to break the cycle.
"Ellis has been searching for something different for so many years and has still not found it," he said. "That's why there have been so many changes and those changes have not solved the problem. Hopefully I can."