The 58-year-old replaced Monchi in September and comes to the club following a successful stint as director of football at Spanish side Real Sociedad.
He is now working closely with head coach Unai Emery, who he has known since they were team-mates at Sociedad 30 years ago, and Villa’s director football operations Damian Vidagany and has one eye on January, but also appreciates the talent already in the squad.
He said: “The transfer window is like Christmas, like summer holidays for the people. Special moments.
“I think the most important is what we have. We are really satisfied with the players that we have working with our staff, with the manager, with Unai.
“But it’s true that our mentality is (to) try to improve, in terms to find some solutions that will help us.
“Of course, if we have a window, if we have a market, we have an opportunity to be better. But again, we will be better just in case that our solid base of players will develop his skills and his qualities.
“I believe absolutely in our manager doing the job that he is doing with the actual squad. We are quite calm and satisfied because we are watching how they are competing.
“We are watching how they are playing. We are watching how they are working daily. But definitely, yes, of course we want to improve, and if we have one possibility to improve the squad, I will try.”
Villa sit mid-table after 10 games after a steady start to the season.
The club, when considering January, will also have to take the profit and sustainability rules into their thinking and Olabe is ready to find the right balance.
He added: “We need to naturalise. It’s true that (there) are some rules around the social environment, around the football environment, and we want to respect these kinds of rules.
“Maybe we can agree, maybe we can disagree, but definitely, we need to respect, and from this, we need to adapt the way that we have to be in the market.
“But it’s important also, because the prestige of the club, it’s important to the people, so know that we are part of this actual environment, regarding, I mean, rules, and regarding, we will respect, but we work so hard to try to make balance between our needs and our possibilities.”
