Chelsea midfielder Frank Lampard's 12-year association with the club will end at the end of the season after his agent confirmed he will not be offered a contract extension at Stamford Bridge.

The 34 year old's current deal expires in the summer and with The Blues concerned over UEFA's Financial Fair Play sanctions and their stance over offering players in their 30s contracts longer than one-year, which led to them allowing Didier Drogba to leave last summer, means Lampard will be forced to find pastures new.

Lampard netted a penalty in the victory over Southampton in the FA Cup third round on Saturday to become the joint second highest goal scorer in the club's history, but his agent Steve Kutner admits the England international will play no further part for Chelsea beyond the current campaign.

Frank Lampard
Lampard looks set to leave Chelsea.

"Chelsea executives told Frank in Japan during the Club World Cup, then again reconfirmed with me after the Everton victory, that in no circumstances will he be offered a new contract to stay at the club after the end of this season," Kutner said.

"Nothing since has changed in any respect. Frank has had to accept that and just wants to carry on playing football for Chelsea so as to finish the season as successfully as possible for the club that he loves."

The former West Ham United midfielder has won every major domestic and European honour while at Chelsea, and is nine goals away from becoming the club's record goal scorer; a feat which would enhance his status as one of their greatest ever players.

At the final whistle at St Mary's at the weekend, following an emphatic 5-1 Chelsea win which sets up a fourth round visit to Southend United or Brentford, Lampard was visibly emotional as he applauded the travelling supporters.

"Maybe I was a little bit emotional but the fans have been with me all the time I've been here," he said.

"I know there is a lot of talk going around but I am actually really enjoying playing and enjoying the moment.

"If certain things are going on in your head, when you run out and the fans support you the way they do, it can't help but make you a bit emotional. I just wanted to say 'thanks' back."