Lampard is 34-years-old but still considered one of the Blues most prized assets and is also loved by the Chelsea faithful.
The England midfielder is sure to feel as though his performances over recent years deserve more than a one-year contract and if that is all he is offered then he could be heading out of Stamford Bridge in the summer transfer window.
It is being suggested that Lampard could even start talking to clubs as soon as January and MLS outfit La Galaxy are reportedly keen on signing him.
Galaxy of course have David Beckham on their books at the moment and he could play a big part in the where the Englishman ends up.
Not only has this policy from the Chelsea owner sparked doubts over Lampard’s future, but also that of Ashley Cole and John Terry.
Cole’s contract runs out next summer, whereas Terry has until 2014. The English Premier League club are not likely to want to lose all three of these experienced campaigners in the next few years, but it all depends on what Abramovich is prepared to offer.