The 32-year-old Frenchman is yet to feature in the Premier League for the The Blues this season and it is believed manager Roberto Di Matteo has told him he has no future at Chelsea and has ordered him to train with the u-21s until the January window opens.
Malouda has been forced down the Chelsea pecking order since the summer arrivals of attacking players like Eden Hazard, Marko Marin and Oscar but despite making 43 appearances last season, his Chelsea days appear to be numbered.
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His age is also believed to be a big factor in his demise as one of Chelsea‘s former top players with club owner Roman Abramovich refusing to offer long term deals to players over 30 years of age.
The winger’s availability has alerted the likes of Brazilian side Santos and his former club Lyon, from which he joined Chelsea in a deal believed to be around £13 million in 2007.
Malouda made 229 appearances in all competitions for The Blues, scoring 45 goals, and his last appearance for the Stamford Bridge club came as a substitute in the Champions League final back in May.
These reports further fuel the belief that a max-exodus of stars at Chelsea is imminent, especially with the reports this morning that left-back Ashley Cole will leave Stamford Bridge on a free transfer at the end of the season.