Frank Lampard will earn £5.5m a year in his job at Chelsea, having been unveiled as Maurizio Sarri's successor on a three-year contract.
The midfielder had his best years at the club, leading them to numerous titles including the Champions League, Europa League and Premier League.
His salary, however, is not close to being the highest in the division, with the likes of Jurgen Klopp, Mauricio Pochettino and Pep Guardiola all ahead of him.
It is however slightly higher than his predecessor Sarri, who was earning £5m a year in his single season at the club.
Who are the top earners in the EPL?
6. Unai Emery - Arsenal
The Arsenal manager earns £6m every year in his contract signed when he joined the Gunners in 2018, after replacing long-serving Arsene Wenger.
5. Manuel Pellegrini - West Ham
West Ham took back the former Manchester City manager to England on a mega contract, which sees them pay up to £7m annually for his services.
4. Jurgen Klopp - Liverpool
The Liverpool boss has seen an improvement at the club having taken over in 2015, and winning the champions league was his greatest achievement. He takes home £7m annually as well.
3. Ole Gunnar Solskjaer - Manchester United
The former player earns £7.5m a year, having signed a permanent deal to manage the former champions.
2. Mauricio Pochettino - Tottenham
Pochettino has turned Tottenham into Premier League contenders in the last few seasons and were close to lifting the Champions League the past season. Pochettino, for his excellent work reportedly takes home £8.5m a year.
1. Pep Guardiola - Manchester City
Pep Guardiola is the best-paid manager in the Premier League, and he takes home a whopping £15.2m every year!