AS Monaco are eyeing Chelsea midfielder Frank Lampard. The Daily Mail says Lampard is wanted by former Chelsea manager Claudio Ranieri at French second division side Monaco as the England midfielder prepares to quit Stamford Bridge.

Ranieri signed Lampard from West Ham for £11million in 2001. Although the Italian was fired by Roman Abramovich in May 2004, Lampard retains a healthy respect for him as a coach.

Ranieri wants to take advantage of Lampard's fading star at Chelsea after the London club failed to open talks with the player over a new deal.

Although Monaco cannot match Lampard's net salary of around £130,000 a week, the principality is tax-free and will appeal to the Chelsea midfielder, although his children from a previous relationship are in London.