Lampard is currently free to negotiate a pre-contract agreement with clubs outside of England and while Paris Saint Germain are the early favourites for his signature, the confirmation of his departure may well cause fellow Premier League clubs to make a bid.
Lampard scored twice to win the game against Everton last weekend sparking speculation that he could be offered a new deal, however, agent Steve Kutner last night revealed that his client would be leaving Stamford Bridge after a hugely successful period in which he won three Premier League titles as well as a Champions League crown last season.
"At this moment, Lampard is exclusively thinking about the present, in other words Chelsea," Kutner told an Italian website. "As for the future, the only certainty is that he will change team at the end of the season. Frank wants to pay for a great side, capable of challenging for important targets and where he could win more trophies.
"We won't rule anything out. The only thing that counts is that the player is happy and can continue playing at a high level.
One player expected to arrive at Stamford Bridge is Demba Ba who should complete his long-awaited move to Chelsea today, having been at the club's training ground for tests on the knee that caused him to fail a medical at Stoke City in January 2011.
The Newcastle United striker met with members of the Chelsea squad at Cobham and it is still hoped that he will be signed in time for the lunchtime deadline that will allow him to play in the FA Cup third-round tie tomorrow against Southampton. The competition has taken on greater significance since Wednesday's 1-0 defeat to QPR.
Rafa Benitez's team are now 14 points behind leaders Manchester United – with a game in hand – and are facing a growing injury list. Fernando Torres has started 31 games this season and Benitez admits he needs a rest. (© Independent News Service)