Chelsea Manager Head Coach Frank Lampard During The Uefa Champions Picture Id1187935459?s=28

Frank Lampard is reportedly plotting a massive January spending spree as he seeks to add more depth to his Chelsea squad.

This comes after the Blues' transfer ban was lifted just in time for the club to make signings during the winter window.

Lampard has now set his sights on bolstering Chelsea's attacking options in the transfer window ahead of a £150 million spree.

The Englishman is understood to have identified up to five targets with priority on signing a striker ahead of Olivier Giroud's imminent departure.

Giroud is eyeing a January exit after falling out of favour under Lampard who appears to have put his faith in the young guns.

Mirror UK citing the Guardian reports CSKA Moscow's Fyodor Chalov, Lyon's Moussa Dembéle and Red Bull Leipzig's Timo Werner are all among the options on Lampard's shortlist.

The 41-year-old tactician is also said to be keeping tabs on the situations of Borussia Dortmund's Jadon Sancho and Crystal Palace's Wilfried Zaha.

He, however, will face stiff competition in landing Sancho, with Liverpool and Man United all linked with the prolific English winger.

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