Lampard has been linked with a move to Spanish giants Real Madrid, with former Chelsea boss Jose Mourinho widely tipped to take over the reigns at the Bernabeu following another trophy-less season.
Ancelotti said: “This is a joke. Lampard will stay here. When I started here last season, there was a problem with John Terry for Manchester City. And every time I said, ‘No, Terry will stay here.’ I don’t want to do the same with Frank.
"He will stay here. I don’t know if the club offered John more money after that. It’s not my problem. But there is no danger of Frank going.”
At the time Lampard suggested he did “look at” the possibility of re-joining his old manager in Milan, but decided his future was best held at Stamford Bridge.
“I know him very well and I know how he is feeling about this club, with these players, these team-mates, how important he is for the supporters," he said.
"So it’s very difficult to think about him changing. With his kind of skill, there are no other midfield players who can score 27 goals in a season.”
However. it mattered not as Ancelotti’s side wrapped up the club’s first double in their 105-year history.
By Joe Brewin
