Manchester City are on the verge of tying up a shock loan deal for Chelsea icon Frank Lampard, according to reports from BBC Sport.

The 36-year-old midfielder was released by the Blues earlier this summer after 13 years at Stamford Bridge, and has since signed a contract with American side New York City FC.

But the Big Apple-based outfit – owned by City and baseball giants the New York Yankees – will not be in the MLS until the start of the 2015 season, meaning that Lampard will have to leave on loan to play first-team football and maintain his fitness.

WANT MORE? >> Manchester City transfer news | Chelsea transfer news

A switch to Melbourne City – a club under the same ownership umbrella – in Australia was mooted following fellow marquee arrival David Villa’s move down under, but Chelsea’s all-time highest scorer is thought to be desperate to return to England.

City have not commented, but Lampard could join in training as early as next week as Manuel Pellegrini plots to assess his fitness.

If a deal goes through he will likely stay with the Premier League champions until mid-January.

City play Chelsea on 21 September, at which time ‘Lamps’ could face the side he won three league titles and European honours with.

Fill in our survey below and be in with a chance of winning a pair of £145 Puma Tricks boots as worn by Balotelli and Aguero!

Create your free online surveys with SurveyMonkey , the world’s leading questionnaire tool.