Sheva flopped on the pitch at Chelsea, but Lampard insists everyone inside the club respected the Ukraine legend.
He told The Sun: "He was a really good lad. He was humble in the way he approached his football and the way he lived his life.
"Yes, he had some tough times at Chelsea, it didn't go perfectly for him at the club. But you could see he wanted to do well and he was frustrated when it didn't work out as well as he'd hoped.
"I always respected him. After all he'd done he could have come to Chelsea and not cared because he'd already had such an amazing career.
"But he did care. He cared a helluva lot and that's why I admired him so much. Sheva was a model player like that - he always kept his cool and his demeanour.
"He was so hard-working, dedicated and very professional. He even stayed behind for extra training and was always striving to improve.
"I have known others players with less than half his talent and success give it the Big-time Charlie act. Not Sheva. He was no big show-off, he wasn't aloof or arrogant.
"I remember for his 30th birthday he invited all the lads and staff to his home at Wentworth for a party. It was great.
"And he really loved London, especially living in Wentworth because he loved golf - he was almost off scratch I think, but that's typical of the man."