Appearing on ITV television show Loose Women, the England centurion backed women to one day compete against their male counterparts, praising the advancements in the woman's game.
When asked whether or not he saw women plying their trade alongside men he replied:
"I see no reason why not, how the game has developed in women's football in the last five to 10 years has been amazing.
"We were [previously] dinosaurs in the dressing room, it was a man's game, but now we appreciate the skill in women's football."
Italian club Perugia once famously attempted to sign a female player to their roster.
They looked into the possibility of signing Swedish striker Hanna Ljungberg - no relation to Freddie - in 2003, although the deal eventually fell through.
Ljungberg would have been the first female to play professionally in the men's game.
Lampard was also promoting his new children's book on the television programme, when asked on the possibility.
Chelsea legend Lampard played the full 90 minutes last night as the Blues ran out 3-0 winners away at Schalke.
The win in Germany leaves Jose Mourinho's side top of Group E on goal difference and looking good to qualify for the knock-out stages.
Despite losing their opening Champions League fixture to Basel, Chelsea have recovered well, though remain just two points ahead of the third-placed Swiss team.
Chelsea welcome Manchester City to Stamford Bridge this weekend in a clash between two of the league's title contender.