Chelsea are set to hire new manager Frank Lampard on the cheap.

The Blues are ready to appoint Derby boss Lampard as their new manager on a £16.5million three-year contract - but the Blues hero won't be among the Premier League's highest earning coaches, says The Sun.

Manuel Pellegrini arrived at West Ham with the remit of revitalising a club with its sights on Europe and, as such, was handed a £7m pay packet.

Southampton boss Ralph Hasenhuttl agreed a £6m wage before keeping the Saints in the Premier League.

Arsenal coach Unai Emery is also on a £6m salary, off the pace of his top-four competitors.

And after impressing as Manchester United interim manager, Ole Gunnar Solksjaer was put on a £7.5m contract for three years with Liverpool boss Jurgen Klopp understood to be on the same amount.