However, the Daily Mail reports that a fee has been agreed between the two clubs following Chelsea's decision to sign Deco, which is said to have left Lampard, 30, extremely disillusioned as to where he stands at Stamford Bridge.
The England international is thought to have been offered £6 million-a-year at San Siro on a four year contract, though there has been no public announcement from the club to suggest as such.
The report concludes stating that once the former West Ham United man returns from holiday in Sicily at the end of this week he will be officially unveiled as Jose Mourinho's first signing.
FRANK LAMPARD, WE WILL FECKING MISS YOU! CHELSEA CHELSEA CHELSEA!
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