Terry was stripped of the armband following allegations that he had an affair with the ex-girlfriend of international team-mate Wayne Bridge. But Lampard, a close friend of Chelsea team-mate Terry, is confident the transition will be relatively painless because Manchester United defender Ferdinand, who had been vice-captain, is popular in the dressing room.
"They are big personalities. The England captain has to be someone vocal in the squad. And Rio has always been like that," Lampard told the People.
"He has always been popular in the dressing room and easy to get on with," he continued. "The controversy of the changeover is unfortunate, but now it has changed Rio deserves it and will give it a great crack.
"And Fabio Capello was something that we really needed. He has grounded us."