LONDON - APRIL 08: Frank Lampard of Chelsea celebrates his goal during the UEFA Champions League Quarter Final 2nd Leg match between Chelsea and Fenerbahce at Stamford Bridge on April 8, 2008 in London, England.  (Photo by Shaun Botterill/Getty Images)
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Frank Lampard announces his retirement

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Frank Lampard has made his final surging run into a penalty box.

[ MORE: City’s young stars shine ]

At the age of 38 the former West Ham, Chelsea, Manchester City, New York City FC and England midfielder has announced his retirement as a professional.

Lampard released the following statement on Thursday as he called time on his glittering 21-year career and hinted that his future lies in coaching.

After 21 incredible years, I have decided that now is the right time to finish my career as a professional footballer. Whilst I have received a number of exciting offers to continue playing at home and abroad, at 38 I feel now is the time to begin the next chapter in my life. I’m immensely proud of the trophies I’ve won, of representing my country over 100 times and of scoring more than 300 career goals.

I have many people to thank. I thank my parents for instilling in me the values of hard work, dedication and professionalism, values which I have carried with me in everything that I do. I am forever grateful for the support of my family, my wife Christine and my two daughters Luna and Isla. What you have given me off the pitch has always been my strength on it. I love you all very much. Also, my friends and my own team that have always been there for me. I would like to thank the amazing team-mates, coaches, managers and backroom staff that I was privileged to work with. I’d also like to pay tribute to the clubs that I have represented. Firstly, West Ham United who gave me my debut in 1996. Thanks to the people there that believed in me at that young age. More recently Manchester City and NYCFC. I greatly enjoyed my last playing years at these two clubs and really appreciate the support I received from City Football Group and both clubs’ fans.

Of course, the largest part of my heart belongs to Chelsea, a club which has given me so many great memories. I will never forget the opportunity they gave me and the success that we managed to achieve together. It is impossible to give thanks individually to all the people that helped and supported me in my 13 years playing there. All I can say is from the day I signed until now and going forward, I’m eternally grateful for everything and to everyone. Chelsea fans gave myself and my teammates such incredible support. Their passion and hunger drove me on personally to give my best year after year. I couldn’t have done it without them.

Looking forward, I’m grateful to the FA for the opportunity to study for my coaching qualifications and I look forward to pursuing the off-field opportunities that this decision opens.

Lampard won 13 major trophies in his career, all with Chelsea, and he is regarded as one of the finest midfielders of all time. He also won 106 caps for England, scoring 29 goals and representing the Three Lions at the 2006, 2010 and 2014 World Cups, plus the European Championships in 2004.

He joined Chelsea from West Ham in 2001 and went on to become a club legend after spending 13 years with the Blues. Lampard won three Premier League titles, four FA Cups, two League Cups, a UEFA Champions League and a UEFA Europa League title.

Lampard is also Chelsea’s all-time leading goalscorer with 211 goals in 649 appearances in all competitions, plus he’s the PL’s fourth highest scorer in history with 177 goals.

Not bad for a midfielder.

After leaving Chelsea in 2014 he signed for New York City FC in Major League Soccer and spent time on loan with their sister club, Manchester City, before heading to MLS for the past two seasons. In the U.S. he scored 15 goals in 31 appearances, excelling in 2016, and his final game as a professional came at Yankee Stadium on Nov. 6 as NYCFC lost to Toronto FC in the Eastern Conference semifinals.

Lampard is now expected to go into a coaching role as he completes his badges with the English FA.

Top Premier League Storylines – Week 26

LEICESTER, ENGLAND - FEBRUARY 08:  Claudio Ranieri, manager of Leicester City speaks with his players during the break in extra-time in the Emirates FA Cup Fourth Round replay match between Leicester City and Derby City at The King Power Stadium on February 8, 2017 in Leicester, England.  (Photo by Matthew Lewis/Getty Images)
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Well. This weekend’s return of Premier League action was already slated to be an exciting one, but now with today’s enormous bit of breaking news, it has become even more intriguing.

[ WATCH: Previewing every match in Week 26 ]

There’s plenty to discuss at the top of the Premier League table, as Arsenal and Spurs look to heal their European wounds, but it’s what’s at the bottom that has everyone talking today.

How will Leicester City react after the firing of Claudio Ranieri?

Leicester City vs. Liverpool —  3:00 p.m. EDT Monday on NBCSN and NBCSports.com

Well. The Foxes had their work cut out for them coming into this match already, but now it has a whole new flavor. Claudio Ranieri has been dismissed just nine months after winning the Premier League title, and sitting just a point off the drop coming into the weekend (and inside the relegation zone coming into the match?) Leicester City will be lead into King Power Stadium by Assistant Manager Craig Shakespeare and First Team Coach Mike Stowell.

Liverpool stopped a five-match winless streak last time out with a quality 2-0 win over Tottenham, but the Reds defense has been leaky all season, and if Leicester is to break its horrid 610-minute goalless streak, it would be here. The Foxes are without a win in five and have not scored a Premier League goal in all of the 2017 calendar year. Can they respond and begin to play for themselves rather than their former manager?

Can Dele Alli and Tottenham bounce back?

Tottenham Hotspur vs. Stoke City — 8:30 a.m. EDT Sunday on NBCSN and NBCSports.com

Spurs looked like they had rediscovered their Champions League form with a comprehensive smothering of Championship side Fulham in the FA Cup. Then, they welcomed KAA Gent to Wembley and promptly lost their heads. Dele Alli was sent off for one of the worst challenges you’ll see, and Spurs were vulnerable as a result, crashing out of the Europa League.

Now, Mauricio Pochettino must regroup the squad and get them ready to host Stoke, a team they clobbered 4-0 in the third match of the season. The squad is still healthy, and the loss of European play may actually help them in the long run. Here, however, it provides them with negative form and a short prep time. They need this one badly to solidify a top four place moving forward, can Poch turn it around?

Can Sunderland get a result against surging Everton?

Everton vs. Sunderland — 10:00 a.m. EDT Saturday on NBCSports.com

Hull City hosts Burnley. Crystal Palace welcomes Middlesbrough. With those two fellow occupants of the relegation zone playing at home against lower-half sides, the spotlight is squarely on Sunderland. The Black Cats have a tough matchup, on the road at Everton.

The Toffees haven’t lost a Premier League match since falling to Liverpool in mid-December, and have scored 19 goals in the eight matches since that blemish. With that in mind, Sunderland must get some kind of a result to pull off the bottom of the Premier League table. Can they snatch points at Goodison Park?

FA Cup final could leave Chelsea well out in front

Chelsea vs. Swansea City — 10:00 a.m. EDT Saturday on NBCSports.com

Chelsea is already eight points ahead of the pack and looks to be the clear favorite to win the Premier League title. It could get even clearer after this week. Manchester United is off, Manchester City is off, and Arsenal is off. Couple that with Tottenham struggling and Liverpool facing a desperate Leicester City side, and it’s entirely conceivable that a win for Chelsea over Swansea City could leave the Blues as far as 11 points clear at the top of the table, albeit a game ahead of some. That would all but wrap things up, wouldn’t it?

Mario Balotelli handed 2-match ban for abusing referee

FILE- In this Thursday, Nov. 3, 2016 file photo, Nice's forward Mario Balotelli, of Italy, reacts during the Europa League group I soccer match between OGC Nice and FC Salzburg, in Nice stadium, southeastern France. Nice striker Mario Balotelli’s teammate Alassane Pleas has confirmed he heard Bastia supporters racially abusing Balotelli with monkey chants during the league match on Friday, Jan. 20, 2017. (AP Photo/Claude Paris, File)
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After being sent off for referee abuse in last weekend’s Ligue 1 win over FC Lorient, Nice striker Mario Balotelli has been handed a two-match ban.

Balotelli earned his second red card of the season in the 69th minute of a 1-0 win that kept Nice within striking distance of the leaders Monaco. It was his second straight red and third sending-off of the season, having already been dismissed in reverse fixture against Lorient after a pair of yellows in the final three minutes of the game.

After the mercurial Italian’s hot start to the season, he has just one goal in the last two months, the third in a 3-1 win over Guingamp. He has not scored a point-winning goal since bagging both in a 2-1 win over Dijon back on December 18th.

Balotelli’s agent, the well-known Mino Raiola, was so frustrated with his client’s continual dismissal problems that he told French media conglomerate RMC Sport that the solution to Balotelli’s problems is to “cut out his tongue.”

“I have already found the solution: you have to cut out his tongue,” Raiola said bluntly. “To play soccer, there is no need for language! In all seriousness, he knows he made a big mistake and he has no excuse. He knows he needs to improve that. He is very sad for him, for the team.”

The suspension leaves Balotelli on the sidelines for tomorrow’s match against 11th placed Montpellier and then on March 4th at 17th placed Dijon. Nice sits in third, level on points with 2nd placed PSG and three back of leaders Monaco.

The leading names to take over for Claudio Ranieri

MILAN, ITALY - MAY 07:  FC Internazionale Milano head coach Roberto Mancini looks on during the Serie A match between FC Internazionale Milano and Empoli FC  at Stadio Giuseppe Meazza on May 7, 2016 in Milan, Italy.  (Photo by Valerio Pennicino/Getty Images)
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The wounds of Claudio Ranieri‘s firing are still healing, but it’s now up to Leicester City to move on without him. Assistant Manager Craig Shakespeare and First Team Coach Mike Stowell will take over on an interim basis, but they need a permanent replacement.

So who are the early frontrunners?

The early favorite is former Manchester City boss Roberto Mancini. The Italian won the league in 2011/12 with City, but was harshly sacked the following season with the club in second place in the Premier League and reaching the FA Cup final. He since has been in charge of Turkish side Galatasaray and also returned to Internazionale where he managed before moving to England. The 50-year-old has been out of a job since departing Inter in August.

After Mancini, the names start to seriously thin out. Alan Pardew is the second-favorite, having been fired in late December with Crystal Palace in a freefall. Frank de Boer is also high on the list, with the Dutchman finding himself on the unemployment list after just 85 days at Inter, sacked after a run of four defeats in five. Former Birmingham City manager Gary Rowett is also mentioned, after he was unexpectedly let go in December with the club 7th in the Championship table.

Even further down the list is Avram Grant, an Israeli who last spent three years in charge of the Ghanan national team and has prior Premier League experience during short stints with Chelsea and West Ham. Mark Warburton has been mentioned, without a job since his hotly contested departure from Rangers earlier this calendar year, with the club saying he resigned after falling well behind Celtic in the title race, but Warburton claiming that was not the case.

While the names mentioned aren’t exactly inspired given Leicester City’s recent history at the top of the Premier League table, the immediate goal is to avoid relegation. Whoever comes in will have the difficult job of following in Ranieri’s footsteps, given his aptitude for charisma and appreciation by fans and the media. If they can do the job, however, they’ll not only write their own names into the Leicester City history books, but also validate the decision by ownership to part ways with the beloved Italian who brought them a title. The board has to get this one right.

17-year-old Donnarumma in contract dispute at AC Milan

ROME, ITALY - FEBRUARY 13:  AC Milan goalkeeper Gianluigi Donnarumma gestures during the Serie A match between SS Lazio and AC Milan at Stadio Olimpico on February 13, 2017 in Rome, Italy.  (Photo by Paolo Bruno/Getty Images)
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AC Milan has developed a teenage sensation, but they might not be able to keep him.

Young goalkeeping sensation Gianluigi Donnarumma could find himself on the open market this summer after reports that his agent Mino Raiola has balked at AC Milan’s contract offer.

Donnarumma is just 17 years old and has been hailed as the successor to Gianluigi Buffon’s goalkeeping throne, earning the first-place job at one of Europe’s biggest clubs this season. However, according to Italian publication Calcio Mercato, Milan offered Donnarumma just $2.6 million a year, while Raiola is reportedly seeking twice that.

Milan’s caution is understandable given Donnarumma’s extreme youth at a position that usually sees players rise and fall at a later age, but the teenager has already become a sensation in Italy, and Raiola is looking to capitalize on his popularity.

However, it’s not just sensationalism that Raiola is hoping to pounce on. According to Squawka Statistics’ Performance Index, Donnarumma has performed as the second-best goalkeeper in Serie A this season behind Wojciech Szczesny. If AC Milan doesn’t wish to pay its young star, it’s likely that someone out there will – rather handsomely.

Premier League money could be enticing for both the player and his agent who has already made a fortune negotiating big-money deals for the likes of Zlatan Ibrahimovic, Paul Pogba, Mario Balotelli, and plenty others. Manchester City could be after a young goalkeeper to challenge the struggling Claudio Bravo, while the Manchester United sticks could be left vacant if David De Gea ever makes his way to Spain as is annually rumored.

Either way, Donnarumma deserves to be paid, based both on his fantastic performances this season at the San Siro and the subsequent popularity he has gained as the successor to one of the games great goalkeepers.