Chelsea to offer Cole £27m deal

The Blues are desperate to fend of a £20million bid from Barcelona for Cole.

The 28-year-old will be handed a deal worth £130,000-a-week, according to The Sun.

Cole has two years left on his current £80,000-a-week deal.

A Chelsea club source told The Sun: “One of the first things Mr Ancelotti said when arriving at the club was not to allow Ashley to leave.

“He is aware that Barcelona rate him extremely highly and Guardiola sees the left-back position as the team’s only weak link.

“We’re extremely hopeful that Ashley will stay at Chelsea.”