REPORT: Chelsea set to announce new manager this week

EPL By: Iseghohi Odianosen | 03/07/2019

Chelsea is prepared to announce a new manager this week as they plan for their pre-season schedule.

The Blues will announce Frank Lampard as their new manager on Thursday as they want to take time out to iron out his contractual terms clearly before the announcement.

The former Chelsea star is prepared to quit Derby County for a new role at Chelsea before the end of this week

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The report in Sky Sports says an announcement could be made as early as Thursday.

The 41-year-old is holding final talks about the club's position regarding transfers and their upcoming FIFA transfer embargo.

Lampard wants to understand how much money will be available after their transfer ban is lifted next summer which is one of the issues that saw previous managers bow out of Stamford Bridge.