Lampard: Top four finish a must for Chelsea
The Blues could still qualify for the Champions League by actually winning it this season.
Speaking ahead of Saturday's win at Aston Villa, the 33-year-old said: "We have to fight on both levels. We certainly don't feel like all our eggs are in the European basket and the league just goes by.
"To win them all to try to confirm our Champions League status for next year, it is a risky card, albeit one well within our means.
"Where we are now in the table, we're disappointed to not be fighting for first or second but you have to understand that you can't have it your own way every year.
"So we really need to go on a stretch of winning games."