Reports today put Lampard on a list of potential replacements and he is available, having been out of football since being sacked by Chelsea in January, 18 months into a three-year deal at Stamford Bridge.
The former Chelsea and England midfielder is said to be on a list that also includes Lucien Favre, who was sacked by Borussia Dortmund last December, and Steven Gerrard, who has led Rangers to the Scottish Premier League title in his first job in management.
Newcastle host Tottenham on Sunday in their first match since the end of Mike Ashley’s fractious 14-year reign and it seems highly unlikely Bruce will be in charge.
If an appointment cannot be made in time then coach Graeme Jones could take temporary charge of the team.
Amanda Staveley, who owns 10 per cent of the club, was with husband Mehrdad Ghodoussi at the club on Monday as they met Bruce and the Newcastle squad.
Staveley, and her husband were pictured on the club’s website watching training at Darsley Park after introducing themselves to the players. There was no sign in the official photographs of Bruce.
Newcastle are 19th in the Premier League after winning none of their opening seven games.