After a season of uncertainty over the midfielder's future, the Blues confirmed Lampard will remain at Stamford Bridge next season. Lampard, who will be 35 next month and captained Chelsea in Wednesday night's Europa League final win over Benfica, will stay on for a 13th campaign after the impasse over his future came to an end.
"I couldn't be happier," Lampard said on www.chelseafc.com. "I'm absolutely delighted. Everybody knows I always maintained the dream was to stay at Chelsea. We've been talking for ages and even though it went on for quite a period it was always amicable."
He added: "I want to thank Mr Abramovich for everything he's done in making the dream a reality. I love this club, the staff, the players and especially the supporters, who have treated me fantastically since the day I arrived. The thought of helping the club to more success in the forthcoming years is all I ever wanted."
The England midfielder joined from West Ham in 2001 for £11million and built a reputation as a goalscoring midfielder of the highest calibre.
Confirmation of his new deal caps a stunning week for Lampard, who last Saturday scored twice in the Barclays Premier League win over Aston Villa to surpass Bobby Tambling's 43-year-old mark as Chelsea record goalscorer.
Lampard has scored 17 times this season to take his total Chelsea tally to 203 goals.
He follows England left-back Ashley Cole in signing a contract extension and his stay will likely heighten speculation that former boss Jose Mourinho is in line for a return to Stamford Bridge as successor to interim boss Rafael Benitez.
Lampard blossomed under Mourinho, who is currently head coach of Real Madrid, and has praised the Portuguese as the world's leading manager in recent weeks.
Chelsea captain John Terry, another member of the spine of the team under Mourinho, will be the next to face contract discussions, with the defender this summer entering the final 12 months of his current deal.
- Sports & Recreation