"I want to wait until after the England matches before talking again to the club," said Lampard recently. "But I've always said I want to stay at the club."
The player is keen to win more trophies with Chelsea, particularly following the disappointment of losing out to United in the Champions League Final. Having recently lost his mother, he would also prefer to stay in England, to be nearer his family.
But he will also want to hear the club's immediate plans for the future before signing up to any new deal, as the managerial vacancy left by Avram Grant's sacking is yet to be filled.
Former Inter coach Roberto Mancini is among the favourites though his agent insists there has yet to be any contact with the Chelsea hierarchy.
"As of now there is no contact with Chelsea or any other team," said Mancini's advisor, Maurizio de Giorgis.
Mancini has made no secret of his desire to coach a side capable of challenging for the Champions League crown and would happily move to England. Chelsea's ongoing search for a replacement for Grant is reported to be concentrating on Mancini, Mark Hughes and Luiz Felipe Scolari with former Barcelona boss Frank Rijkaard and Russia coach Guus Hiddink among the other contenders.
Former Chelsea player Didier Deschamps has claimed he is on the shortlist but the club have made no official comment.
The interest in Hughes, an ex-Blues player, was greeted with approval by fans on Chelsea TV but Mancini has a stronger CV.
Mourinho is expected to be given a three-year deal at the San Siro and is likely to sanction moves for Lampard, along with two of his other former Chelsea favourites, Didier Drogba and Ricardo Carvalho.