Lampard isn't going to sign for us.. The difference between him and Cole is Lampard could still play for a top ten team, and would be the best player of a bottom 10 team. Why would he come to the Championship for lower wages?
More injury prone than Vicente is what I've heard too. If he did join, hopefully the top class training facilities and less physical Championship works in his favour to keep him fit.
It's a sensible assumption based on the fact we lost out on Conway due to wages. Most likely Cole would command more because of his ability, what makes you think we can afford him?