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The Blues were unable to sign players during the summer transfer window after FIFA imposed a two-window transfer ban on the club.
Former Chelsea striker Tony Cascarino is happy with the ban because he believes the likes of Tammy Abraham and Mason Mount would not have got a look in had Chelsea been able to sign players.
He told talkSPORT: “When we had the ‘Class of ’92’ at Manchester United we applauded them for bringing all these young players through.
“Fergie (Sir Alex Ferguson) was very fortunate to have such a group of players coming through at the same time.
“I’ve always been frustrated of Chelsea having so much success in the youth system but never having that conveyor belt of bringing those players through into the first team.
“Tammy was one of a good number of players who probably wouldn’t have been in the team if Chelsea had a transfer budget. They probably wouldn’t have been anywhere near the first team, Tammy would have gone on loan somewhere else.
“So let’s give Lampard some credit here because he has got choices at Chelsea, their squad is big enough not to play these young players. Olivier Giroud could easily have played at centre-forward [against Wolves].
“At the start of the season it probably would have been Giroud first choice, Michy Batshuayi second and Tammy third, but Tammy has become the number one choice in a matter of three games. That’s credit to him but also the manager, because Frank has chosen to make that decision.
“Then you’ve got Mason Mount, Callum Hudson-Odoi waiting in the wings and Ruben Loftus-Cheek who is older than the others but you’d like to think he’ll play a lot this season.
“I’ve always thought it would have been such a mistake to have had all these great academy players and them not to have some sort of say in Chelsea’s future in the next five years, so I’m delighted.”