Frank Lampard has agreed a new one-year contract to stay at Chelsea, the Daily Telegraph believe.
There has been much speculation over the future of the England midfielder, whose current deal is due to expire this summer.
It is claimed that Lampard, 34, has significantly lowered his financial demands and that Chelsea have accepted he is worth keeping.
Lampard is said to have had offers from a number of clubs and been tempted to move to the United States.
Meanwhile, the Daily Mirror say Chelsea have sounded out Napoli about Edinson Cavani in case they miss out on Atletico Madrid striker Radamel Falcao.
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This post was last modified on 16/05/2013