The Gunners' star has an ongoing contract dispute with his club, with assurances over being played in his preferred central role, rather than on the wing, a key sticking point with manager Arsene Wenger.
Considering their reputations as being among the best players in the world in their positions - in particular the Chelsea left-back - there has been little fanfare over the potential departures from Stamford Bridge of Cole and Lampard.
Cole has been strongly linked with a move to oil-rich Ligue 1 outfit Paris Saint-Germain, to be reunited with one-time Chelsea boss Carlo Ancelotti, while Lampard is thought to be interesting MLS sides across the Atlantic.
Wigan have 12 contracts set to expire on June 30, most notably striker Franco Di Santo and defender Maynor Figueroa.
At the other end of the scale, Manchester City have just three players with six months left on their current deals: goalkeeper Richard Wright, centre-back Kolo Toure and midfielder Michael Johnson - the last-named not having played for the club since 2009.
Below, Goal.com gives you a club-by-club guide to all of the Premier League players who could become free agents come June 30.
 ARSENAL |
Date of birth | Position |
| Lukasz Fabianski | 18 Apr 1985 | Goalkeeper |
| Sebastien Squillaci | 11 Aug 1980 | Defender |
| Emmanuel Frimpong | 10 Jan 1992 | Midfielder |
| Andrey Arshavin | 29 May 1981 | Midfielder |
| Theo Walcott | 16 Mar 1989 | Attacker |
 ASTON VILLA |
Date of birth | Position |
| Richard Dunne | 21 Sep 1979 | Defender |
| Stephen Warnock | 12 Dec 1981 | Defender |
| Eric Lichaj | 17 Nov 1988 | Defender |
 CHELSEA |
Date of birth | Position |
| Hilario | 21 Oct 1975 | Goalkeeper |
| Ross Turnbull | 04 Jan 1985 | Goalkeeper |
| Paulo Ferreira | 18 Jan 1979 | Defender |
| Ashley Cole | 20 Dec 1980 | Defender |
| Frank Lampard | 20 Jun 1978 | Midfielder |
| Florent Malouda | 13 Jun 1980 | Midfielder |
| Yossi Benayoun | 05 May 1980 | Midfielder |
 EVERTON |
Date of birth | Position |
| Jan Mucha | 05 Dec 1982 | Goalkeeper |
| Sylvain Distin | 16 Dec 1977 | Defender |
| Phil Neville | 21 Jan 1977 | Defender |
| Thomas Hitzlsperger | 05 Apr 1982 | Midfielder |
 FULHAM |
Date of birth | Position |
| Mark Schwarzer | 06 Oct 1972 | Goalkeeper |
| Brede Hangeland | 20 Jun 1981 | Defender |
| Philippe Senderos | 14 Jun 1985 | Defender |
| Chris Baird | 25 Feb 1982 | Defender |
| Mahamadou Diarra | 18 May 1981 | Midfielder |
| Damien Duff | 02 Mar 1979 | Midfielder |
| Giorgos Karagounis | 06 Mar 1977 | Midfielder |
| Mladen Petric | 01 Jan 1981 | Attacker |
 LIVERPOOL |
Date of birth | Position |
| Doni | 22 Oct 1979 | Goalkeeper |
| Danny Wilson | 27 Dec 1991 | Defender |
| Jamie Carragher | 28 Jan 1978 | Defender |
| Andre Wisdom | 09 May 1993 | Defender |
 MAN CITY |
Date of birth | Position |
| Richard Wright | 05 Nov 1977 | Goalkeeper |
| Kolo Toure | 19 Mar 1981 | Defender |
| Michael Johnson | 24 Feb 1988 | Midfielder |
 MAN UTD |
Date of birth | Position |
| Rio Ferdinand | 07 Nov 1978 | Defender |
| Scott Wootton | 12 Sep 1991 | Defender |
| Ryan Giggs | 29 Nov 1973 | Midfielder |
| Paul Scholes | 16 Nov 1974 | Midfielder |
 NEWCASTLE |
Date of birth | Position |
| Jak Alnwick | 17 Jun 1993 | Goalkeeper |
| Steve Harper | 14 Mar 1975 | Goalkeeper |
| Danny Simpson | 04 Jan 1987 | Defender |
| Xisco | 26 Jun 1986 | Attacker |
 NORWICH CITY |
Date of birth | Position |
| Declan Rudd | 16 Jan 1991 | Goalkeeper |
| Marc Tierney | 23 Aug 1985 | Defender |
| Elliott Ward | 19 Jan 1985 | Defender |
| Chris Martin | 04 Nov 1988 | Attacker |
| Simeon Jackson | 28 Mar 1987 | Attacker |
 QPR |
Date of birth | Position |
| Brian Murphy | 07 May 1983 | Goalkeeper |
| Radek Cerny | 18 Feb 1974 | Goalkeeper |
| Clint Hill | 19 Oct 1978 | Defender |
| Ryan Nelsen | 18 Oct 1977 | Defender |
| Shaun Derry | 06 Dec 1977 | Midfielder |
| Kieron Dyer | 29 Dec 1978 | Midfielder |
 READING |
Date of birth | Position |
| Stuart Taylor | 28 Nov 1980 | Goalkeeper |
| Ian Harte | 31 Aug 1977 | Defender |
| Nicky Shorey | 19 Feb 1981 | Defender |
| Jordan Obita | 08 Dec 1993 | Midfielder |
| Alex Pearce | 09 Nov 1988 | Midfielder |
| Jay Tabb | 21 Feb 1984 | Midfielder |
| Simon Church | 10 Dec 1988 | Attacker |
| Noel Hunt | 26 Dec 1983 | Attacker |
| Jason Roberts | 25 Jan 1978 | Attacker |
 SOUTHAMPTON |
Date of birth | Position |
| Artur Boruc | 20 Feb 1980 | Goalkeeper |
| Ryan Dickson | 14 Dec 1986 | Defender |
| Danny Seabourne | 05 Mar 1987 | Defender |
| Frazer Richardson | 29 Oct 1982 | Defender |
| Jason Puncheon | 26 Jun 1986 | Midfielder |
| Richard Chaplow | 02 Feb 1985 | Midfielder |
 STOKE CITY |
Date of birth | Position |
| Carlo Nash | 13 Sep 1973 | Goalkeeper |
| Ryan Shotton | 30 Sep 1988 | Defender |
| Danny Higginbotham | 29 Dec 1978 | Defender |
| Matthew Upson | 18 Apr 1979 | Defender |
| Rory Delap | 06 July 1976 | Midfielder |
| Jermaine Pennant | 15 Jan 1983 | Midfielder |
| Dean Whitehead | 12 Jan 1982 | Midfielder |
| Michael Tonge | 07 Apr 1983 | Midfielder |
| Michael Owen | 14 Dec 1979 | Attacker |
| Mamady Sidibe | 18 Dec 1979 | Attacker |
 SUNDERLAND |
Date of birth | Position |
| Titus Bramble | 31 Jul 1981 | Defender |
| Matthew Kilgallon | 08 Jan 1984 | Defender |
| Louis Saha | 08 Aug 1978 | Attacker |
| Fraizer Campbell | 13 Sep 1987 | Attacker |
 SWANSEA CITY |
Date of birth | Position |
| Gerhard Tremmel | 16 Nov 1978 | Goalkeeper |
| Dwight Tiendalli | 21 Oct 1985 | Defender |
| Darnel Situ | 18 Mar 1992 | Defender |
| Mark Gower | 05 Oct 1978 | Midfielder |
| Ashley Richards | 12 Apr 1991 | Midfielder |
| Luke Moore | 13 Feb 1986 | Attacker |
 TOTTENHAM |
Date of birth | Position |
| Carlo Cudicini | 06 Sep 1973 | Goalkeeper |
| Brad Friedel | 18 May 1971 | Goalkeeper |
| William Gallas | 17 Aug 1977 | Defender |
| Jermaine Jenas | 18 Feb 1983 | Midfielder |
| Harry Kane | 28 Jul 1993 | Attacker |
 WEST BROM |
Date of birth | Position |
| Boaz Myhill | 09 Nov 1982 | Goalkeeper |
| Donervorn Daniels | 24 Nov 1993 | Defender |
| Gonzalo Jara | 29 Aug 1985 | Defender |
| Zoltan Gera | 22 Apr 1979 | Midfielder |
| Jerome Thomas | 23 Mar 1983 | Midfielder |
| Marc-Antoine Fortune | 02 Jul 1981 | Attacker |
| Chris Wood | 07 Dec 1991 | Attacker |
 WEST HAM |
Date of birth | Position |
| Jussi Jaaskelainen* | 19 Apr 1975 | Goalkeeper |
| Winston Reid | 03 Jul 1988 | Defender |
| Guy Demel | 13 Jun 1981 | Defender |
| Joey O'Brien | 17 Feb 1986 | Defender |
| Gary O'Neil | 18 May 1983 | Midfielder |
| Carlton Cole | 12 Oct 1983 | Attacker |
| Frederic Piquionne | 08 Dec 1978 | Attacker |
 WIGAN |
Date of birth | Position |
| Mike Pollitt | 29 Feb 1979 | Goalkeeper |
| Antolin Alcaraz | 30 Jul 1982 | Defender |
| Emmerson Boyce | 24 Sep 1979 | Defender |
| Maynor Figueroa | 02 May 1983 | Defender |
| Roman Golobart | 21 Mar 1992 | Defender |
| Ronnie Stam | 18 Jun 1984 | Defender |
| Piscu | 25 Feb 1987 | Defender |
| David Jones | 04 Nov 1984 | Midfielder |
| Albert Crusat* | 13 May 1982 | Midfielder |
| Shaun Maloney* | 24 Jan 1983 | Midfielder |
| Franco Di Santo | 07 Apr 1989 | Attacker |
| Callum McManaman | 25 Apr 1991 | Attacker |
*Club have option of extending for a further season