The Blues legend, who is currently in charge of Championship side Derby County, will thrash out a deal with owner Roman Abramovich by the end of this week
Frank Lampard will finalise his move to Chelsea next week as he gets set for crunch talks with owner Roman Abramovich, according to reports.
The Sun claim the Derby boss, who turned 41 on Thursday, will cost the Blues £4m compensation to become their new manager.
While the Chelsea legend is desperate to land the job, he wants assurances from the Russian billionaire he will get the time he needs to be a success at Stamford Bridge.
Lampard, who led the Rams to the Championship play-off final in his first season as a manager, has privately told some of his Derby players he will return to Chelsea – but only if he is satisfied with the terms Abramovich offers.
While the west London side have yet to make an official approach to Derby, there is a good relationship between both clubs so there are allegedly no tensions over the probable deal.
Abramovich reportedly believes Lampard is the perfect fit for the club given their current situation, with the Blues subject to a transfer ban.
Meanwhile, Maurizio Sarri – the man who Lampard is set to replace at Stamford Bridge – said an opportunity to return to his homeland was too good to turn down at his official unveiling as Juventus boss on Thursday.
“The Premier League was a great experience, but in the latter half (of the season), I felt professional and personal needs to return to Italy,” he said.