Everton returned to domestic football after losing 21 feet to Europa League quarter-finalist West Ham United after failing to return to Merseyside on a Mason Holgate biased strike.
Lampard argued that he needed to react to the recent setback and show "higher quality" to produce positive results, but Everton's status in the Premier League will be maintained for next season.
It was after the 43-year-old player questioned the player's mentality after Crystal Palace lost in the 40 FA Cup quarterfinals last month.
Lampard has signed a two-and-a-half-year contract for Goodison Park, but he seems likely to be shown the exit door in the coming weeks.
It was revealed that Everton added a damage clause to Lampard's contract. That is, at the end of the season, he can break up with his current boss without paying compensation.
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