Chelsea’s interim manager Frank Lampard found crumbs of comfort from his side’s performance despite a crushing Champions League quarter final exit against Real Madrid on Tuesday.

It is now four defeats from four games for Lampard since returning in the wake of Graham Potter’s sacking and his side are marooned in 11th place in the Premier League.

Yet for nearly an hour on Tuesday they matched the reigning champions and had they possessed a functioning attack might have given themselves a chance at redemption.

Chelsea have managed only one goal in their last six games despite spending around $746 million on new players in the two transfer windows since American Todd Boehly’s consortium bought the club previously bankrolled by Roman Abramovich.

“I think for 60 minutes the only thing missing was a goal,” Lampard told reporters. “One goal or two goals changes the face of the game and at this level when you’re not clinical you see what happens. The end bit of scoring is crucial and something we need to address.”

Club record scorer Lampard, who now has the dubious honour of being the first Chelsea manager to lose his first four games in charge, must now try to restore some hope among the fans in the seven league games his side have left.

There will almost certainly be no European football for Chelsea next season and Lampard says the club has no divine right to think that it will be only a one-season absence.

But he says the rebuilding job must start in the time he remains at the helm.

“We have to take each step. Day off on Wednesday and back into work Thursday and working towards Brentford,” he said. “This club is going to be back. I think the fans appreciated the performance today and we have to latch onto that and go again next year.

“Manchester United have spent time out (of the Champions League), Arsenal have spent time out. It’s impossible to predict it. We can set the building blocks now of where we want to get to.”