The 36-year-old midfielder is currently on loan from New York City FC, and is set to head to the American side at the start of 2015 to prepare for the coming season.
Lampard left Chelsea on a free transfer over the summer to sign for the Big Apple-based outfit, but the club’s ownership situation – the Sky Blues part own them with baseball team the New York Yankees – allowed for him to be loaned back to England, with NYCFC not due to play their first professional game until the MLS campaign kicks off this spring.
Initially intended to be cover for Pellegrini’s major players, ‘Lamps’ has been a key man for City this term, and the Chilean is desperate to keep the ageing star – especially with Yaya Toure due to head to the African Cup of Nations in January.
“We are going to talk to all the parties and make a decision in December,” Pellegrini said. “If all parties agree then maybe we can keep him, but it could be that we want to keep him and Frank wants to go.”
Lampard is one of two big name Designated Players set to turn out for New York City FC, with David Villa having also joined the stateside club.