Derby County will meet Marcelo Bielsa’s Leeds United side on Saturday.
Derby have been sweating over the fitness of Cole ahead of their clash with Leeds.
But the veteran left-back is set to make it off the treatment table in time to play against Marcelo Bielsa’s men.
Lampard said: “He is close, so I’m pleased we’re in the play-offs because it gives us an extra week to ten days.
“That hopefully gives Ashley a good chance to be in contention for Saturday. He’s important to us on and off the pitch.
“He was in the dressing room before and after the game against West Brom.
“Of course we want him to be able to contribute on the pitch and hopefully that extra week gives him the chance to do that.”
Cole’s inclusion would be a boost for Derby, as they look to topple Leeds.
Bielsa’s men have had Derby’s number when they have met this season, and won both games they played during the regular campaign.
However, Leeds have been in woeful form in recent weeks, with Derby looking strong.
Leeds and Derby meet in the first leg of their play off match on Saturday, with the second leg due to take place on Wednesday.
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