Chelsea defender Ashley Cole is ready to walk out on the club after contract negotiations broke down, The Sun report.

The veteran left-back is in the last year of his current deal at Stamford Bridge, and has been in talks over an extension at Stamford Bridge of late.

However, it is believed that Cole has only been offered a one-year extension, which he has taken as an insult and as such may well be willing to leave the club for a new challenge.

With young prospect Ryan Bertrand signing a new five-year deal with the west London outfit recently, Cole is thought to be on his way out of the Champions League winners as the side look to think towards the future.

It is said that Chelsea owner Roman Abramovich will only offer one-year deals to players over the age of 30, which saw Didier Drogba reject an extension to leave the club this summer.

By Gareth McKnight

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