And yes, that would be Manchester, not New York City.
The Guardian appear convinced:
Frank Lampard is set to sign for Manchester City on loan. Story to follow ...
— Guardian sport (@guardian_sport) August 1, 2014
As do Sky Sports.
Even when Lampard's signing for NYCFC was announced I didn't see this as a possibility, even though the MLS season does not kick off until next March. We saw David Villa line up a short stint in Melbourne but I didn't see Lampard as keen to take up a similar move, especially one to a Premier League club. Equally, I don't see where there is a fit in City's midfield given the personnel already in place.
Expect more on this to develop.
SB Nation's Chelsea offering We Ain't Got No History has their take.