Derby will offer Frank Lampard a new £10m contract in a bid to ward off interest from Chelsea, according to The Daily Star.
The Blues are on the lookout for a new manager after Maurizio Sarri left for Juventus earlier this week.
Lampard is the favourite to replace the Italian, who guided Chelsea to a third-place finish and Europa League triumph last term.
However, Derby are determined to keep hold of a manager who led them to the Championship play-off final in 2018/19.
And the second-tier club are prepared to offer Lampard a lucrative new deal to try and keep him at Pride Park.
Derby will receive £4m in compensation if Chelsea do decide to appoint their all-time record goalscorer as manager.
READ MORE
5 La Liga stars we could see in the Premier League next season – and where they might end up
‘He instantly popped into our ratings as one of the best U21 midfielders in Europe. The impressive thing is Slot has made him into more of a no.6' Inside Ryan Gravenberch's transformation at Liverpool
‘I don’t think Liverpool would look at Ollie Watkins, a striker isn’t a pressing issue for them – it’s Arsenal who need one’ Former Reds star explains why his old club don’t need an out-and-out forward this summer
