Chairman of clubs at the wrong end of the table, or failing to meet expectations, might be tempted to bring in the highly rated former Chelsea boss to solve their woes.
Lampard is already a strong favourite with PaddyPower to claim the hotseat at a host of clubs in Europe.
Planet Sport takes a look at where the former England midfielder could end up.
Crystal Palace - 5/6 (Fav)
Former manager Roy Hodgson has done a brilliant job at Selhurst Park during his three-year tenure, leading Crystal Palace to their best points haul in the EPL in 2018/19.
However, Hodgson's tenure with the club has now come to an end, leaving a managerial vacancy in south London.
Perhaps a move to director of football at Crystal Palace for Hodgson, mentoring Lampard as manager could be on the cards?
West Brom (7/2)
Dumped out of the Premier League with Sam Allardyce beating a hasty retreat, the Baggies are once again managerless.
It could be an exciting prospect for Lampard, as the club will be expected to return to the top flight at the first time of asking.
Lampard did good work at Derby, before he took over at Chelsea, however he was unable to return the Rams to the Premier League after they lost in the 2019 play-off final to Aston Villa.
If he takes the West Brom hotseat anything other than promotion will be seen as failure.
Another club who were expecting a swift return to the Premier League, but were beaten semi-finalists in the the 2021 play-offs at the hands of Brentford.
Jonathan Woodgate was given the top job at Bournemouth until the end of the season, after the sacking of Jason Tindall in February 2021. Although he steered the club to sixth in the table, there's no doubt this wasn't what the board and fans were hoping at the start of the season.
A nice house on the south coast, near his family, could be very appealing for Lampard.
Celtic - 9/1
The prospect of Lampard locking horns with his old England teammate and current Rangers manager Steven Gerrard in the Scottish Premiership has many licking their lips.
Celtic fell way off the pace in the SPL title race and ultimately handed the crown over to Rangers.
Lampard has no connection with Scotland or Celtic, but a Lampard v Gerrard Old Firm derby is an intriguing prospect.
England - 17/1
This all hangs on England's success or failure at this summer's delayed European Championships.
Success will keep Gareth Southgate in the job for another tournament, if he wants it. Failure and his head will roll and the vacant England post will be up for grabs.
Although seen as a poison chalice by many, the England job could be a good stepping stone for Lampard to return to top club management in a few years time.
England have a crop of talented youngsters at their disposal and Lampard could be the man to nurture them into a world class team.
However, the more likely option could be the England U-21 job (2/1) which is seen as a stepping stone to the top job, the same path Southgate trod.
West Ham - 50/1
Lampard came through the ranks at the West Ham academy and played over a 140 games for the East London club. However, his departure for Stamford Bridge in 2001 was acrimonious and he is still taunted by West Ham fans.
West Ham exceeded expectations in the Premier League under manager David Moyes, but time is running out on the Scotsman's contract.
Moyes is currently in the final months of his existing 18-month contract, which he signed in 2019. Although he is expected to sign a new three-year deal soon.
The former Man United boss could also be tempted by a potential return to Everton following Carlo Ancelotti's recent move to Real Madrid.
West Ham owners David Sullivan and David Gold have been dragging their heels on extending his current deal. Maybe they are pondering a move for Lampard's homecoming?
Return to MLS
The 2021 MLS season is underway and currently all the team's head coaches are in place. However, that could quickly change and Lampard could be an appealing appointment for any MLS club.
He had a successful stint as a player at New York City, is a big draw for top players and is a marketing person's dream. He'd also be following in the footsteps of England teammate Phil Neville at Inter Miami. What's not to like?
Perhaps the new MLS franchise teams might want to take a gamble on a high-profile British manager. Charlotte FC, who will join in 2022, Sacramento Republic and St Louis City, scheduled for 2023, will all want to make a big impact. A big name manager might just do that.
(all betting odds with Paddy Power)