While it remains to be seen if Chelsea will go in for a marquee signing to fill the void left by Eden Hazard, the timing and manner of Callum Hudson-Odoi's new contact could suggest that Lampard and co already see him as the successor to Eden Hazard's role with the Telegraph even claiming that the teenager could be handed Hazard's former number 10 shirt once 31-year-old Willian leaves Stamford Bridge - which is only a matter of time anyways.
Now out of action with an Achilles injury, Hudson-Odoi has been with the club since he was eight and made his senior debut in 2017.
His new deal commits him to the club he has trained at since the age of eight until at least 2024.
England manager Gareth Southgate handed Hudson-Odoi his first senior worldwide cap against Czech Republic in March.
'It's been a protracted wait nevertheless it's carried out now and I'm actually glad about that. I want to work with him, I want to drive him forward and I want to improve him as a player.
Chelsea midfielder Jorginho believes this season will also be a test of his ability to work with young players and how he can play a part in their development. Callum is the youngest player to appear for England in a competitive game.
"He has the mentality of winning, which we all want and we all need, so him coming in was just an extra boost for me".
A combination of Sarri's departure, Frank Lampard's appointment and the transfer ban Chelsea are under further enhanced his prospects, although the truth is Hudson-Odoi is likely to be a regular on merit when he returns from injury.
"I'm delighted everything has been agreed and now I'm just looking forward to properly getting back".
"A lot of the talk was before me, a lot of that talk was from last season, so I only saw that from the outside", added Lampard. I want to take it on because, ultimately, I'm helping the players who are going to be the future of this club.
"He has got everything we are trying to bring, we know the talent he has, that he has shown on occasions in the first team when he has had his opportunity".
"So, day by day in training, I'm able to show the players that, for me to get where I am, I've had to put in sacrifice, to show determination, and those are the right paths for them to follow as well". So exciting times ahead for Chelsea youngsters.
"I think the camp now is just more happy, more positive".