Lampard's return to favour has been one of the marked differences between the Chelsea displays under Roberto Di Matteo and those marshalled by Andre Villas-Boas.
"It is very possible that Lampard and I will be in direct confrontation with each other on the pitch," said Schweinsteiger.
"I have huge respect for him. Everything he does in the game has an effective use, it's always thought through. He's similar to Xabi Alonso in that he plays with his eyes.
Certainly, in my opinion, it would be a mistake for England not to use him at the Euros, because if you get to the Champions League final you can help the team through the Euros.
"Remember in 2010, if his goal had counted, what an effect he would have had for England. In my eyes, playing him with Steven Gerrard, it would be two players who complement each other very well."