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The meeting was said to be sombre and sad in tone, and the former Chelsea star turned down the opportunity to say goodbye to his players at their Cobham training base in the afternoon.
The Blues are currently on a run of just two wins in their last eight league games, with the west Londoners picking up five top-flight defeats since the middle of December.
Lampard left the club with Chelsea sitting in ninth place, five points off the top four and very much out of the title picture.
Lampard turned down the chance to say goodbye to his Chelsea squad later in the afternoon