Backed by billionaire Suleyman Kerimov the England midfield pair are the latest in a long line of world class players that have been targeted by the ambitious Russians.
They stunned the footballing world last month after completing signing of Inter Milan striker Samuel Eto’o and made him the worlds best paid player on a reported £300,000-a-week deal.
He joined a squad already boasting Roberto Carlos, Diego Tardelli, Balázs Dzsudzsák and Yuri Zhirkov with reports suggesting that the ageing 31-year-old Gerrard and 33-year-old Lampard are now on their shopping list.
Money would certainly be no object with the club willing to offer the pair lucrative contracts worth £13 million a season if they were to move to Dagestan.
However with Liverpool captain Gerrard and Chelsea stalwart Lampard already multimillionaires in their own right it’s unlikely they would be willing to relocate to Russia despite the prospect of one last fruitful payday.
With both players moving into the final stages of their careers it’s doubtful that they would be willing to uproot their families after spending over a decade at their respective clubs.