Cole’s current deal is set to expire at the end of the season and the midfielder has been linked with several big clubs.
Arsenal, Tottenham, Manchester City, Manchester United and Liverpool have all been linked with the England midfielder.
“Joe Cole will stay here,” said Ancelotti. “In January I said that no one would come in, and nobody came in.
“So I think that Joe will stay.
“We have 10 days to wait because the club will speak with Joe Cole, and the other players that are going to be at the end of their contracts, after the FA Cup final.”
