According to The Athletic, Chelsea and Frank Lampard are nearing an agreement in which he will serve as the team's manager until the conclusion of the current campaign.
It is believed that a deal might be reached in time for Wolves' Premier League match on Saturday.
After Graham Potter's firing on Sunday night, the Blues are searching for their third permanent coach this season.
One candidate under consideration is Julian Nagelsmann, who was fired by Bayern Munich at the end of March.
Luis Enrique, the former head coach of Spain and Barcelona, is also in the race and had meetings with the team in London on Wednesday. Nagelsmann would be prepared to take over right away.
Co-owners Todd Boehly and Behdad Eghbali have promised to conduct a thorough process before identifying a long-term option, so the Blues will not hurry it.
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