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Yesterday's Chelsea transfer roundup featured a trio of youngsters signing new contracts and talks in regards to new deals for two of the club's midfielders. Today's edition includes a huge long-awaited announcement, the potential exit of a 19-year-old and the confirmed loan departure of a Croatian.

Lampard is the new Chelsea manager

It has been confirmed that Frank Lampard will be the new manager of Chelsea. The former Blues player has signed a three-year contract with the club. Upon the announcement, Lampard said, “I am immensely proud to be returning to Chelsea as head coach. I am here to work hard, bring further success to the club and I cannot wait to get started.”

Chablobah wanted by West Brom

According to the Express and Star, Trevor Chalobah is of interest to West Bromwich Albion. The 19-year-old is on a list of targets the Baggies have compiled and it is expected that the player will be allowed to leave on loan for the next campaign.

Pasalic signs new deal and is loaned to Atalanta

Chelsea have confirmed that midfielder Mario Pasalic has signed a new deal with the club, but is being immediately loaned out to Atalanta. The Croatian has signed a three-year contract with the Blues and will join the Italian side for a second consecutive season.