Fiorentina's Stevan Jovetic, 23, has replaced 31-year-old David Villa of Barcelona as the striker at the top of Ars*nal's summer transfer target-list.
Lampard has offers from around the world for when his deal expires this summer, and the midfielder currently favours a switch to Premier League leaders Manchester United.
Tottenham manager Andre Villas-Boas has admitted that Spurs must qualify for the Champions League in order to keep winger Gareth Bale, 23, from the clutches of other clubs, with Real Madrid preparing an offer for the player in the summer.
Brazil forward Neymar, 21, will not be joining Manchester City, his club Santos have said.
Aston Villa top scorer Christian Benteke, 22, plans to leave the relegation-threatened club at the end of the season. Ars*nal are believed to be favourites to buy him, although Chelsea and Manchester City are also interested.
Stoke goalkeeper Jack Butland, 19, may go out on loan for all of next season after the club said it would take an enormous offer to convince them to sell current keeper Asmir Begovic. Both Manchester United and Manchester City have been linked with the 25-year-old Bosnian international.
Fulham want to turn 29-year-old full-back Sascha Riether's loan spell at the club from Cologne into a permanent deal.
Patrick Vieira, 36, is in line for a surprise return to Ars*nal after manager Arsene Wenger spoke to him out about the job of replacing Liam Brady as head of youth development
Nottingham Forest chairman Fawaz Al Hasawi says that his decision to name Billy Davies, 48, as the club's fourth manager in seven months does not mean he is an interfering owner.
Roy Hodgson has closed the door on a return to the England team for 34-year-old Manchester United defender Rio Ferdinand, in spite of the continuing problems the side are experiencing in central defence, including Gary Cahill's error against Brazil.
Ars*nal midfielder Jack Wilshere, 21, has taken a swipe at former England manager Fabio Capello, claiming the atmosphere has improved under Roy Hodgson and the national team are now reaping the benefits
Mario Balotelli, 22, has appeared to make peace with AC Milan's Paolo Berlusconi after the vice-president of his new team was accused of making racist remarks about the former Manchester City striker.
Former Everton winger Andy van der Meyde, 33, warned fellow Dutchman Royston Drenthe, 25, not to move to the club in 2011 as there are too many temptations for footballers on Merseyside in his opinion.