Chelsea have a new policy that players over the age of 30 will only be signed to one-year contract extensions, a policy that led to Didier Drogba leaving the club this summer.
And it looks like the 31-year-old Cole will follow suit, as he is not willing to sign a one-year deal at Chelsea when so many of Europe’s big clubs will be happy to sign him to a multi-year contract.
Cole has been linked with a move to Manchester United next summer, but that isn’t going to happen with Rio Ferdinand already at Old Trafford.
Cole likes to be paid, and the blue side of Manchester could offer the left back the kind of wage package he wants. With a move to Man City he also gets Champions League football and will be able to stay in England.
But if Cole does decide to move to Europe, two former managers will be lining up to make him an offer on January 1st.
At the moment I think it is a toss-up between Man City, PSG and Real Madrid. Whoever offers Cole the most years at the highest wages wins his signature, and the final contract will make Ashley Cole the highest paid full-back in football.