Real Madrid willing to offer Granero to Chelsea for Lampard

Real Madrid boss Jose Mourinho is lining up a sensational swap offer for Chelsea midfield ace Frank Lampard.

The Sun says Mourinho is ready to exchange former Spanish Under-21 international Esteban Granero for the England star.

Attacking midfielder Granero, 24, is valued at £6million and both Arsenal and Liverpool are keen to sign him next month.

But Mourinho is now prepared to use him as bait to capture 33-year-old Lampard, who is having a torrid time under new Chelsea coach Andre Villas-Boas.