An official from the club said they had been in talks with the English star, who has been linked with a move from Stamford Bridge.
“Yes, we are in contact with Lampard but so far nothing has been settled,” said deputy board chairman Yang Xiayou.
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Since Guus Hiddink arrived at the helm, Chelsea have improved considerably after a tricky start to the campaign.
Newcastle United are staring down the barrel of relegation to the Championship for the second time in the past eight years.