Frank Lampard is still to accept Chelsea's new contract offer.

The Observer says it is understood the England midfielder wants parity with the club's best-paid players, John Terry, Michael Ballack and Andriy Shevchenko, who earn around £121,000 a week, and he could 'well run down his contract and leave in 18 months.

The problem for Frank is that Barcelona, Real Madrid and Inter all took a look and decided to say "no thank you", an insider at Stamford Bridge said.