Conte has already confirmed that he will leave his current job with the Italy national team after Euro 2016 in order to return to club management, and Lampard believes that he would be a good fit at Chelsea.
"I don't know him too well but he's got a great pedigree, a great recent record with Juventus. I spoke with Andrea Pirlo about him and he has nothing but good words to say about him," he told BT Sport.
"I think he's hard-working, he'll have the players working hard. He has what fans and players like to see, that determination, that will to win.
"It's a difficult job at Chelsea now considering what's happened this year, so we'll see. If it is him, I think he has the pedigree to do it, but the decision has not been made so we'll see."
Conte won three consecutive Serie A titles during his time in charge of Juventus.