All-Ireland winning captain Michael Murphy says Donegal will be taking it one match at a time but will have belief they can lift the Sam Maguire.
Donegal will be heavy favourites to reach the semi-finals after being drawn with Louth in the last eight.
After winning the Ulster Championship and earning promotion back to Division One, it has been a remarkable first season for Donegal under the returning Jim McGuinness.
“If you look at Donegal’s year in general, even the most optimistic of Donegal fans would have taken Division Two and a challenge made at the Ulster,” Murphy told BBC Sport NI.
“Outside of Jim McGuinness and the team themselves, never in their wildest dreams could they have seen an Ulster win. Now to have navigated their way to an All-Ireland quarter-final is even more impressive.”
Murphy said being drawn against Louth is “not a bad one for them to get” and he believes Donegal’s in-form side will have “too much firepower” all over the pitch.
“Donegal will look at it as a fanastic opportunity to get to an All-Ireland semi-final.
“What comes after, be that a Dublin or Kerry, will be a different kettle of fish but they will see that come the time.
“When you look back and see how far they have come, you just can’t get out of your head that eight-to-10 months ago, Donegal were in a really low ebb.”