Lampard was sidelined with a groin injury as the Blues tumbled from the top of the Premier League table to outside the Champions League places and the England star was well aware of the increasing strain Ancelotti was under.
But instead of putting him off, Lampard is more determined than ever to become the man in charge when he hangs up his boots.
Learning curve: Lampard was a keen observer of Chelsea boss Ancelotti on the touchline and in the dug-out
'I've had fits and starts in my career where I've thought I fancy being a manager then other times where I think I don't and I want to walk away and get out of the game.
'Now I'm a bit more level-headed about it and would like to get my badges and see what happens.
'I read that (Liverpool defender Jamie) Carragher was getting fast-tracked so if there are fast-tracks around I want to do it, too.
'If you've played at the highest level you must have something and we have to try and get more English coaches in the future. It's a no-brainer.
'We haven't used our players very well in the past. There is a certain old-fashioned element in England that everyone should do exactly the same courses whether you have played the game or not.
'But if we want to bring players through who have played in World Cups or Champions Leagues then we have to make it that bit more relevant to what they've done and the time they've got to do it in.'
On target: Chelsea star Lampard scored twice as the Blues hammered Ipswich 7-0 in the FA Cup last Sunday
Lampard has rediscovered his rhythm after his long lay-off, where he spent hours watching games with his dad, Frank Snr.
He added: 'I tried to use the experience of being injured to my advantage and realised it was much easier to sit upstairs and see and feel a game tactically from the stands rather than when you're amongst it.
'Having played so consistently, I've never really had that time to study games.
'I had my own views on the movement of the forwards and the midfielders and my dad certainly did. He was always telling me he'd told me so.
'There's nothing wrong with that - my dad's got a great deal of knowledge. Sometimes I think he's stuck in the old days a little bit, though!
'The experience did make me keen to be a manager. I love that side of the game and have always been someone who tried to think about it.'
We've lost that winning feeling: Lampard says Chelsea are in crisisAll the latest Premier League team news ahead of the weekend fixturesChelsea ready to offer defender Ferreira in £20m deal for Benfica's LuizChelsea dealt major blow as Dortmund insist Subotic is going nowhereAll the latest Chelsea news, features and opinion
Explore more:People: Frank Lampard, Carlo Ancelotti Places: Liverpool, United Kingdom