Redknapp, Lampard's uncle, added: "I think Frank is top drawer. I'd have him in any England team. And I don't say that because he's a relation.
"People change their mind from one week to the next. One week, you can be the greatest, next week, you are useless, whether you're a manager or a player.
"I would have Frank and Gerrard in my team every day of the week."
"Let's be honest, you would love to have Paul Scholes in the Euros this year," he said.
"He'd be in your team, he's that good.
"Whoever's there would love to take him, I'm sure. You'd love him to play. He plays like the Spaniards, like Xavi [Hernandez] or [Andres] Iniesta. He does not give the ball away."
Despite their advancing years, Redknapp also stated Frank Lampard and Steven Gerrard should definitely be in the England squad, as he believes their experience and quality is essential to the team.
"You need men in your side, you need characters if you are going to win anything," Redknapp continued.
"Frank is still a top player. You write Frank off at your peril. He's still a top player in my opinion. Stevie Gerrard is still a top-class player. We have got some good players in our midfield."