United with both clubs interested in signing the left-back who has failed to agree a new contract to keep him at Stamford Bridge.

Cole was offered a one-year extension only by Chelsea, who have brought into effect a new policy for players over 30, however he believes he deserves a much better deal and is listening to offers from other top European clubs.

Money-rich Paris St Germain had been the main contenders to capture the signature of the 31-year-old,  who is prepared to walk out on his current club when his contract expires at the end of the season. However, PSG Chief Leonardo has now closed the door on a potential deal to bring the Englishman to the Ligue 1 runners-up and join up with other top European stars, such as Zlatan Ibrahimovic and Thiago Silva, purchased by the big spenders in the summer.

The potential deal was rumoured to be a three year contract worth £23million, allowing Cole to reunite with former boss Carlo Ancelotti, currently head coach at PSG. But sporting Director Leonardo has now announced “Besides Lucas [Moura], nothing is done and there is no discussion with any player.”

When asked about Ashley Cole, the Brazilian replied: “Neither this winter nor next season.”

The Chelsea management may decide to use the January transfer window to cash-in on the experienced international, as opposed to losing the player for free in the summer, and appoint up-and-coming youngster Ryan Bertrand as the first choice left-back for the Blues.

Ashley Cole is set to win his 99th England cap against Poland tonight – see how he gets on in our LIVE Blog below

Related Articles:

Inter Milan chief admits Chelsea target may leave
WAG Weekly – Chelsea starlet scores an absolute beauty!
Morgan's "naked fury" at Arsenal result
Man City no longer fear us admits Barca star
Man United and Moyes bring the best out of Bayern