Lampard, who joined from West Ham in 2001 and whose current deal expires at the end of the season, is poised to captain Chelsea in the Europa League final with Benfica in Amsterdam in the likely absence of John Terry.
The future of the England midfielder, who will be 35 in June, has been shrouded in uncertainty, but after surpassing the club's goalscoring record last Saturday a conclusion is close.
Speaking last week, prior to netting his 202nd and 203rd Chelsea goals in the 2-1 defeat of Aston Villa, Lampard said: "I've always said that I wanted to spend all of my career here so I think everyone knows that."
Source: PA
Source: PA