Chelsea are waiting on answers over new contract offers to three club icons.
The full-back is the most likely to leave with Real Madrid a possibility.
The Mirror says while thirtysomethings Terry, Cole and Lampard, have all been offered new deals, Chelsea will not be held to ransom.
Terry, 33, has been offered HALF his current £150,000 a week while Lampard hopes staying may lead to a coaching role eventually.
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