The Blues' hopes of defending their Barclays Premier League crown are all but over after Monday's disappointing goalless draw at Fulham, which left them a massive 12 points behind leaders Manchester United in fifth.
Meanwhile, their European campaign remains very much on track as they are in a good position to qualify for the quarter-finals of the Champions League ahead of last-16 opponents FC Copenhagen.Asked if he would give up the Premier League title to lift the Champions League trophy, Lampard was quoted by the Daily Mirror as saying: "It's a horrible question - but I would say I would.
"I hate putting one above the other but having won three Premier League titles the Champions League is the one to win."
He added: "It depends on the squad but I think if you're going well in the Champions League it can help your league form.
"If you're winning in Europe, that form can be carried into the league."
Chelsea will travel to Denmark for their first-leg of the last 16 tie against FC Copenhagen next Tuesday.
