The left back is out of contract this summer and set to leave Chelsea, and the Daily Mirror believe he will be talking to Madrid and PSG this week.
Both are managed by men Cole has worked with – Carlo Ancelotti and Jose Mourinho, although both have been linked with the other’s job of late.
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Who of Europe’s top strikers will move to England this summer?
After a dreadful start to their Bundesliga campaign, Borussia Dortmund appear to have weathered the storm after going five matches without defeat.