Chelsea manager Frank Lampard could have £150million for new players in January if an appeal against the club’s two-window transfer ban is successful.

The Blues were punished by FIFA earlier this year, having been found guilty of breaching rules relating to the signing of 29 players under the age of 18.

AFP or licensors 1 Frank Lampard could have £150m to spend in January

Chelsea were unsuccessful in overturning the decision when they presented their case to FIFA’s appeals committee in April and will now see what is said on the matter by The Court of Arbitration for Sport on November 20.

Despite being unable to make any new signings in the summer, Lampard has enjoyed a promising start since taking over at Chelsea and the club are currently fourth in the Premier League and top Group H in the Champions League.

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A focus on academy graduates has seen Tammy Abraham and Mason Mount become first-team regulars at Stamford Bridge, but Lampard has not ruled out adding to his squad should he be given the chance.

“Chelsea will always look to improve in transfer windows if we can – and if the players we might look at are better or we feel are adding to the squad,” Lampard said ahead of Tuesday’s European game against Ajax at Stamford Bridge.

“I’m very interested in the appeal of course because it’s obviously going to affect potentially what we can do in January or not.

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Having sold David Luiz, Eden Hazard and Alvaro Morata, Chelsea have a vast sum of money at their disposal and have been linked with Leicester left-back Ben Chilwell and Borussia Dortmund winger Jadon Sancho, report The Telegraph.

“It is a little bit down my list because the matter in hand is Ajax tonight. I’m not going too far ahead with what happens,” Lampard added.

“Of course some players have come in and shown with their opportunities they’ve been given that they can do roles and play well. We are getting results at the moment.

“But at the minute I’m very happy with what I’ve got so I suppose that’s why the fans are as well.”