Arrizabalaga could end up being the most high-profile departure from Stamford Bridge, with Lampard unhappy with the world’s most expensive goalkeeper.
The same report from the Sun states that he could be used in a swap deal for Atletico Madrid’s Jan Oblak.
Lampard reportedly made the damning judgement of his team after the defeat to Bayern, which left them all-but out of the Champions League.
Goals from Robert Lewandowski and Serge Gnabry confounded the Blues to a 3-0 home defeat, leaving them needing four goals in Munich in mid-March.