The footballers' union will pay tribute to their outstanding contribution to English football at their annual awards ceremony this weekend.
The duo's careers in the Premier League are nearing the end with Gerrard and Lampard leaving to play in America’s MLS at the end of the season.
Liverpool captain Gerrard is joining LA Galaxy, while Lampard will meet up with New York City FC after his loan spell at Manchester City ends.
Between them, they have won 19 major trophies - with both lifting the Champions League and UEFA Cup/Europa League.
They also won 220 caps for England, the majority of which came with the pair partnered alongside each other in central midfield.
Both players announced their international retirements following last year’s World Cup in Brazil.