Burnley grabbed the headlines in the Carling Cup two years ago under previous boss Owen Coyle when they upset Fulham, Chelsea and Arsenal before a dramatic semi-final defeat over two legs against Tottenham.
The Clarets went on to win promotion to the Premier League that season and the benefits of a similar showing in the competition this time round are not lost on current manager Laws, who is confident his side will bounce back from a 4-0 drubbing by Reading on Saturday.
That was a first home league defeat of the season for Burnley, for whom Clarke Carlisle makes a timely return from suspension to cover for Leon Cort, sent off at the weekend.
Laws said: "There will be some changes made. I also have the game on Saturday in mind - our biggest game of the season so far away from home, against the league leaders.
"I'm very mindful of that, but we have got to go into these games wanting to win it."
Burnley head to Championship pacesetters QPR on Saturday.
Laws also believes victory over Aston Villa could have multiple benefits for the club.
He added on the club's official website: "I think it's important to everybody, particularly those who aren't falling over with money.
"It's an important competition financially. It's rewarding and strengthens your hand.
"It gives me an opportunity if necessary to go out in January and bring in new players if I wanted to. There's money to be made but there's also the glory side of it as well.
"A fantastic cup run (semi-finalists in 2008) was also one of the catalysts for Burnley to get promoted, and if we can continue and mirror that hopefully it will enhance our performances in the league as well."