On the eve of captaining Chelsea in a major European final, Frank Lampard is understood to have agreed a one-year deal to remain at Stamford Bridge until the end of the 2013-14 season.

The news will be music to the ears of Chelsea supporters and neutral fans who admire the work ethic and professionalism that Lampard displays. While he isn’t expected to be starting every game next season with so much depth at the club, Lampard is understood to have agreed a financial pay cut to stay at the club instead of taking up an offer to join Major League Soccer.

Lampard will captain Chelsea in Amsterdam tomorrow against Benfica in the Europa League Final (which, for US viewers, will be televised live on FOX Soccer).

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