It has been reported that the 26-year-old forward will cost £11 million in transfer fees, and that the Czech Republic international will have wage demands of £35,000 per week.
According to The Telegraph, Leeds are interested in securing the services of the former Watford man.
Derby manager Lampard, though, has suggested that Vydra will stay at the Rams for the 2018-19 campaign.
The Chelsea legend told BBC Sport about Vydra: "There is a lot of speculation but he is still our player. We will see, but while he performs as well as he did last year, with the level of goals, I expect him to stay."
That Leeds and West Brom are reportedly interested in Vydra shows just how good the former Udinese forward is, especially at the Championship.
Leeds, Derby and West Brom all will be aiming to win promotion from the Championship to the Premier League next season.