The Telegraph says Lampard is looking to tap into his Chelsea connection by taking Mount to Derby on loan.
Mount, the 19-year-old midfielder, spent last season on loan at Vitesse Arnhem after impressing in the youth ranks at Stamford Bridge.
Lampard has held talks with Chelsea about taking Mount on a season-long loan.
Yet the Blues legend is not the only interested party.
QPR, Reading and Norwich are all keen on taking the young talent for a season as he looks to gain experience.