Chelsea boss Frank Lampard is hopeful that the Blues will "soon" be able to make an announcement over a new contract for teenage attacker Callum Hudson-Odoi.

The 18-year-old is alleged to have agreed a five-year contract with the Premier League giants, who continued their preparations for the new season with a 4-3 win over Reading on Sunday.

Lampard has admitted that the club are "not quite there" when it comes to a new deal, but the new head coach has suggested that the Premier League giants are confident of reaching an agreement.

"I think agreed would mean signed so we're not quite there but what's very clear is the club are working towards that. Talks moved on very well in the last week or two but it's not done yet," Lampard told reporters.

"The one thing that's clear to me is I want to keep him here. He's a player we cherish. Players who come through the academy are the present and the future of the club so we're doing everything we can to get there. I hope it's news to be confirmed soon."

Hudson-Odoi, who is currently on the sidelines recovering from an Achilles operation, scored five times and registered five assists in 24 appearances for Chelsea during the 2018-19 campaign.