Frank Lampard has agreed to become Chelsea’s new manager, after holding talks with Roman Abramovich, The Sunday Times reports.
The Blues are searching for another new boss, after allowing Maurizio Sarri to join Juventus.
Abramovich has taken a more hands-on role with finding Sarri’s successor and had a phone call with Lampard last week, in which he asked the 40-year-old to return to Stamford Bridge.
It is understood that the Russian promised Lampard that he will be given at least two seasons at Chelsea, which means he will still be in charge after the club have served their two-window transfer ban.
Lampard has two years remaining on his current contract with Derby County and the Blues have not yet agreed a compensation package with the Championship club.
The former midfielder, who made 648 appearances for Chelsea, guided Derby to the Championship play-off final this season, but missed out on promotion after a defeat to Aston Villa.