Real Madrid are set to offer Ashley Cole a two-year contract worth £10million after the Chelsea defender tweeted his goodbyes, Metro reports.
Chelsea have tied captain John Terry down with a one-year contract and have offered a similar deal with Frank Lampard, but it almost a certainty that Cole will not be staying at Stamford Bridge.
The Englishman has barely featured in the Blues’ first eleven this year, alerting many of Europe’s top football clubs.
Liverpool, Manchester City, and Manchester United are battling to keep him the Premier League, while Inter Milan and Monaco are also monitoring the situation.
However it is Real Madrid that lead the race to sign the former Arsenal left-back, with boss Carlo Ancelotti keen on his services.
It is reported that Real offered Cole a two-year deal worth £10m to challenge Marcelo for the starting left-back berth.
The 33-year-old has previously expressed his wish to one day play in Spain, and a move to the ‘Galaticos’ would be too good to turn down.
Cole recently retired from international football after Roy Hodgson left him out of the England squad for the World Cup in Brazil this summer.