With Italian Maurizio Sarri's departure to Juventus reported to be imminent, club talisman Eden Hazard already departed to Real Madrid and a Federation Internationale de Football Association transfer ban looming, Chelsea have arrived at a crossroads.
Lampard spent some time behind the scenes at Chelsea when completing his coaching badges, so still retains detailed knowledge of the Stamford Bridge set-up.
Derby could hold out for £4million to hand Chelsea the green light for talks with Lampard, but the Blues would likely be unfazed given their impressive return on the severance package with Juventus over Sarri.
Derby have a good relationship with Chelsea, who loaned them Mason Mount and Fikayo Tomori last season, and anticipate if negotiations do take place, they will be done so in a relaxed atmosphere.
Chelsea would have to pay Derby around £4m in compensation if they appoint club legend Frank Lampard as their new manager. Every summer is big at Chelsea.
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Reports say compensation has been agreed between Chelsea and Juventus for Sarri, who won the Europa League last month, to leave. Meanwhile, former Juve coach Allegri revealed on Thursday he intends to take a year off after leaving the Serie A champions.
Sarri has been an uncomfortable fit with fans at Stamford Bridge and despite winning the Europa League and finishing third in the Premier League, there is a perception the chain-smoking coach is unwilling to adapt tactics when things go wrong.
Drogba continued: "Does he have to wait until he is 40 or 50 to be ready?" Drogba was quoted in the Metro.
"Frank has got all the tools and I think he will make a lot of people happy if he was the next manager".
I don't believe that you are too young or it is too early.
While Sarri is still officially in charge, the prospective list of replacements is already lengthening.
Sarri only joined Chelsea last summer after three years at Napoli, replacing fellow Italian Antonio Conte.