Lampard 'set to move to New York City' in free transfer

Chelsea legend Frank Lampard has reportedly agreed a free transfer to New York City, with Atletico Madrid marksman David Villa is set to join him.

Frank Lampard, Chelsea Credit: Andrew Matthews/PA Archive/Press Association Images

According to the Sunday Mirror, Lampard and Villa met with Jason Kreis, installed as New York City head coachin January by the Premier League champions' chief executive officer Ferran Soriano. Lampard broke off from his preparations with England for the World Cup to sort out his move.

Lampard is understood to be have agreed to a basic wage significantly less than the £150,000-a-week that he picked up at Chelsea.