Real Madrid are reportedly attempting to lure Chelsea left-back Ashley Cole to the Santiago Bernabeu by offering him a contract worth £10m for two-years.
The Daily Mirror claims that the Spanish giants are determined to sign Cole who is out of contract with the Blues this summer. The 33-year-old had recently revealed that he is considering his future at Stamford Bridge and is prepared to end his eight-year relationship with Chelsea.
The west London club are said to be offering Cole a one-year deal and demanding that he take a significant pay-cut. The former England international has been linked with moves to rival Premier League clubs Liverpool and Manchester City.
Brendan Rodgers is reportedly interested in signing the former Arsenal star to provide a short-term cover for his only other left-back Jose Enrique.
City have Aleksandar Kolarov and Gael Clichy vying for the starting berth. The newly crowned English champions are said to be monitoring Cole's situation as they are looking to meet the minimum criteria of having home-grown players on their roster.
Earlier this month, the Daily Express claimed that Ligue 1 runners-up Monaco are also looking to persuade the left back by offering him an attractive £12m package if he considers moving to France in the summer.
Chelsea have been linked with making moves for Sevilla's Alberto Moreno, Atletico Madrid's Filipe Luis and Southampton youngster Luke Shaw.
Meanwhile, former Reds' star Jamie Redknapp has suggested that Cole still has the ability to continue playing at the highest level and hints that a move to Anfield might certainly be on the cards during the upcoming transfer window.
"Ashley Cole has been the best left-back the Premier League has ever seen. He's an absolutely fantastic player and a serial winner. He's obviously going to have so many opportunities abroad, and even in England as well," Redknapp told Sky Sports.
"I'm not sure where he'll go, but wherever he goes I think he's still got plenty of time in him and plenty of experience. Off the top of my head, Liverpool probably need a left-back. Brendan Rodgers knows him well from his time at Chelsea so that might happen," the former midfielder concluded.