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Published 19:24 2 Jun 2018 BST
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The ex-midfielder, who had been working as a pundit on BT Sport, signed a three-year deal with the Championship club on Wednesday to replace now-Stoke City manager Gary Rowett as boss.
One of the reasons Terry was released by Villa was his substantial wages, and it's been reported that he will have to take a large pay cut if he is to agree a deal with Derby, after the club's owner Mel Morris vowed to reduce the wage bill, which last season stood close to £35 million.
If he does sign, Terry will be a part of Lampard's first ever season as a manager, and will be part of a team which has continually threatened to reach the Premier League but failed to do so.
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