Chelsea are set to confirm Frank Lampard as their new manager this week.

Sources close to Lampard have told Standard Sport that the former England international has been in talks with Chelsea on more than one occasion about becoming their new boss and that an announcement should be made soon.

Former Chelsea team-mate Didier Drogba had already stated that negotiations were under way at the weekend while talking to fans during an Instagram video.

Asked who will be the best person to replace Maurizio Sarri, who left for Juventus last week, Drogba replied: “The one who is in talks now to get the job – Frank Lampard.”

Lampard still has two years remaining at his contract at Derby and the Championship club have insisted they are yet to be formally approached by Chelsea over his release.

Derby will be owed £4m in compensation once Lampard make the switch to Stamford Bridge, while they might ask for more should assistants Jody Morris and Chris Jones go with him to west London.

It has been reported that Chelsea will announce Lampard within the next 48 hours, but the club did not comment when contacted this morning.

In Pictures | Frank Lampard 28 show all In Pictures | Frank Lampard 1/28 Chelsea's newly appointed English head coach Frank Lampard gives a thumbs up as he poses at Stamford Bridge on 4th July 2019 AFP/Getty Images 2/28 1998 Frank Lampard spent his youth career at West Ham, and was handed a first professional contract by the club in 1995 Getty Images 3/28 1998 Lampard won 19 caps for the England Under-21s side before making his senior bow for the Three Lions in 1999 Getty Images 4/28 1999 The midfielder helped West Ham secure their highest-ever league finish in 1999 as they qualified for the Intertoto Cup by ending fifth Getty Images 5/28 2001 His form at West Ham earned Lampard an £11million move to London rivals Chelsea PA 6/28 2003 He scored his first senior England goal in a 3-1 win over Croatia Jamie McDonald/Getty Images 7/28 2005 The midfielder won his first Premier League title with Chelsea in 2004-05. The Blues also won the Community Shield against Arsenal the following August Getty Images 8/28 2005 Lampard came second in the battle for the 2005 Ballon d'Or award, which was won by Barcelona's Ronaldinho Getty Images 9/28 2009 Lampard celebrates scoring Chelsea's third goal against Liverpool PA 10/28 2009 The Chelsea star lifted the FA Cup after scoring the winning goal for Chelsea against Everton at Wembley Getty Images 11/28 2010 Lampard then won another Premier League trophy following Chelsea's victory over Wigan on the final day of the 2009-10 season Getty Images 12/28 2010 Lampard was denied a clear goal in England's World Cup last-16 clash against Germany in 2010. The midfielder would go on to make more than 100 appearances for The Three Lions Getty Images 13/28 2012 Lampard met The Duchess of Cambridge at the official launch of The Football Association's National Football Centre at St George's Park Getty Images 14/28 2012 Lampard celebrated the greatest moment of his Chelsea career after winning the Champions League Final over Bayern Munich at the Allianz Arena PA 15/28 2013 He then added a Europa League medal to his Champions League haul one year later PA 16/28 2013 The midfielder won his 100th cap for England during a Fifa 2014 World Cup qualifier against Ukraine. He received an award from his father, Frank Lampard Senior (R), which was watched on by daughters Luna and Isla during an international friendly match between England and Chile at Wembley Stadium Michael Regan - The FA/The FA via Getty Images 17/28 2014 Lampard left Chelsea for a move to MLS where he joined New York City FC AP 18/28 2015 He moved back to England, this time on loan to Manchester City, but failed to add to his domestic silverware haul Getty Images 19/28 2015 Lampard linked up with New York City where he spent two years 20/28 2015 Lampard married Christine Bleakley at St Paul's Church in Knightsbridge PA 21/28 2015 The midfielder was awarded an Order of the British Empire (OBE) medal, which was presented to him by the Duke of Cambridge at an Investiture ceremony at Buckingham Palace Getty Images 22/28 2017 Frank Lampard returned to Chelsea as a guest AFP/Getty Images 23/28 2017 He moved into media work, doing punditry for BT Sport Getty Images 24/28 2017 Lampard posed with his wife Christine Lampard at the Glamour Women of The Year awards 2017 at Berkeley Square Gardens Getty Images 25/28 2017 He handed Cristiano Ronaldo his Fifa FifPro World XI award during The Best FIFA Football Awards Show in London Getty Images 26/28 2019 After joining Derby County in his first managerial role, Lampard celebrated victory against Leeds United in the Championship play-off semi final second-leg match at Elland Road Getty Images 27/28 2019 Lampard was left disappointed after Derby lost their Championship play-off final against Aston Villa, which denied the club promotion to the Premier League Action Images via Reuters 28/28 Chelsea's newly appointed English head coach Frank Lampard gives a thumbs up as he poses at Stamford Bridge on 4th July 2019 AFP/Getty Images 1/28 Chelsea's newly appointed English head coach Frank Lampard gives a thumbs up as he poses at Stamford Bridge on 4th July 2019 AFP/Getty Images 2/28 1998 Frank Lampard spent his youth career at West Ham, and was handed a first professional contract by the club in 1995 Getty Images 3/28 1998 Lampard won 19 caps for the England Under-21s side before making his senior bow for the Three Lions in 1999 Getty Images 4/28 1999 The midfielder helped West Ham secure their highest-ever league finish in 1999 as they qualified for the Intertoto Cup by ending fifth Getty Images 5/28 2001 His form at West Ham earned Lampard an £11million move to London rivals Chelsea PA 6/28 2003 He scored his first senior England goal in a 3-1 win over Croatia Jamie McDonald/Getty Images 7/28 2005 The midfielder won his first Premier League title with Chelsea in 2004-05. The Blues also won the Community Shield against Arsenal the following August Getty Images 8/28 2005 Lampard came second in the battle for the 2005 Ballon d'Or award, which was won by Barcelona's Ronaldinho Getty Images 9/28 2009 Lampard celebrates scoring Chelsea's third goal against Liverpool PA 10/28 2009 The Chelsea star lifted the FA Cup after scoring the winning goal for Chelsea against Everton at Wembley Getty Images 11/28 2010 Lampard then won another Premier League trophy following Chelsea's victory over Wigan on the final day of the 2009-10 season Getty Images 12/28 2010 Lampard was denied a clear goal in England's World Cup last-16 clash against Germany in 2010. The midfielder would go on to make more than 100 appearances for The Three Lions Getty Images 13/28 2012 Lampard met The Duchess of Cambridge at the official launch of The Football Association's National Football Centre at St George's Park Getty Images 14/28 2012 Lampard celebrated the greatest moment of his Chelsea career after winning the Champions League Final over Bayern Munich at the Allianz Arena PA 15/28 2013 He then added a Europa League medal to his Champions League haul one year later PA 16/28 2013 The midfielder won his 100th cap for England during a Fifa 2014 World Cup qualifier against Ukraine. He received an award from his father, Frank Lampard Senior (R), which was watched on by daughters Luna and Isla during an international friendly match between England and Chile at Wembley Stadium Michael Regan - The FA/The FA via Getty Images 17/28 2014 Lampard left Chelsea for a move to MLS where he joined New York City FC AP 18/28 2015 He moved back to England, this time on loan to Manchester City, but failed to add to his domestic silverware haul Getty Images 19/28 2015 Lampard linked up with New York City where he spent two years 20/28 2015 Lampard married Christine Bleakley at St Paul's Church in Knightsbridge PA 21/28 2015 The midfielder was awarded an Order of the British Empire (OBE) medal, which was presented to him by the Duke of Cambridge at an Investiture ceremony at Buckingham Palace Getty Images 22/28 2017 Frank Lampard returned to Chelsea as a guest AFP/Getty Images 23/28 2017 He moved into media work, doing punditry for BT Sport Getty Images 24/28 2017 Lampard posed with his wife Christine Lampard at the Glamour Women of The Year awards 2017 at Berkeley Square Gardens Getty Images 25/28 2017 He handed Cristiano Ronaldo his Fifa FifPro World XI award during The Best FIFA Football Awards Show in London Getty Images 26/28 2019 After joining Derby County in his first managerial role, Lampard celebrated victory against Leeds United in the Championship play-off semi final second-leg match at Elland Road Getty Images 27/28 2019 Lampard was left disappointed after Derby lost their Championship play-off final against Aston Villa, which denied the club promotion to the Premier League Action Images via Reuters 28/28 Chelsea's newly appointed English head coach Frank Lampard gives a thumbs up as he poses at Stamford Bridge on 4th July 2019 AFP/Getty Images

Lampard was away with his family on holiday in France last week but is now due back in the country to resolve his future.