Chelsea's board believe Frank Lampard has enjoyed a "very successful" first season at the Stamford Bridge helm.
Chelsea have expressed an interest in signing Ajax's Argentina international left-back Nicolas Tagliafico.
Willian has confirmed he is leaving Chelsea, with Arsenal close to completing his signing on a three-year deal.
Bayern proved far too strong for Chelsea again as they won 4-1 on the night at the Allianz Arena (7-1 on aggregate) to reach the Champions League quarter-final.
In an exclusive interview with Sky Sports ahead of Chelsea's trip to Anfield, Frank Lampard talks tactics, recruitment and bridging the gap to Liverpool...