First club West Ham United and Ibrox side Glasgow Rangers are the early favourites for Lampard's signature.
Liverpool are currently top of the table and the Everton manager has been impressed by their performances.
Leeds United owner Massimo Cellino is thought to want to remain in control of the Elland Road club.
Ojo has not played a competitive game this season because of a back injury, but seems to be close to a return.
Aston Villa owner Tony Xia is unhappy with rules surrounding young players.
It has been a tough few months for Wolves with their results poor at best. It has culminated in them losing ground on the leading pack and the promotion spots.
West Ham United midfielder Dimitri Payet has been linked with the likes of Real Madrid recently.
The Tottenham Hotspur striker is said to be at loggerheads over a new deal at White Hart Lane.
Reports had suggested that Queens Park Rangers had sacked Jimmy Floyd Hasselbaink straight away after their draw with Nottingham Forest.
United fans can sleep easily for the time being; their goalkeeper isn't going anywhere.