Real Madrid and PSG in frame with new Chelsea deal for Cole yet to materialise
12:14 GMT, 30 December 2012
Chelsea defender Ashley Cole has been targeted by BOTH Real Madrid and PSG for a big-money move.
The Spanish and French giants will lead the European battle for Cole's signature, according to the Sunday Mirror, although he could keep his options open.
The 32-year old's contract is due to expire at the end of the season and both Manchester City and Manchester United will be keeping tabs on his situation.
On the move Cole's Chelsea future remains undecided
Cole only has to wait until Tuesday until he can begin talks with overseas clubs, and if Cole is angling for a move away from Stamford Bridge, can sign a pre-contract agreement with a foreign outfit or wait until the summer when he can negotiate his own terms, on a free transfer.
Its thought both La Liga champions Real and cash-flushed PSG will offer Cole three-year deals.
He has stayed tight-lipped on his own future but is thought to be prepared to consider an offer if Chelsea can improve on their one-year extension, which was snubbed.
Wanted man: PSG and real Madrid are tracking Cole's position