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Ashley Cole and his representatives expect Chelsea to set up another round of contract negotiations before Christmas but the club have yet to make an improved offer to the England left-back, ESPN understands.

• RDM rejects Cole exit talk
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Cole, whose contract expires next summer, has yet to agree a deal to stay at Stamford Bridge, with the Blues' reluctance to offer any players over 30 more than a one-year deal proving a major obstacle.

That initial one-year offer has been flatly rejected by Cole and his representatives, although they remain hopeful of convincing the club to improve the length of the new contract.

With three major European clubs waiting in the wings to offer Cole pre-contract terms in January, further talks with Chelsea are planned for the coming months as manager Roberto Di Matteo is determined to hang on to Cole.

"Chelsea have said they will want to talk again, and before the end of the year," an ESPN source said."However, as we speak there has been no date fixed, as the club have not been in touch."

"That's not a problem for Ashley, but it appears to be a problem for the club. While the manager and the club's hierarchy have emphasised how much they want Ashley to sign a new deal, as yet nothing more than a one-year extension has been offered, and it is pointless having more talks unless there is a longer contract on the table.

"Ashley has made it perfectly clear, this is not about the money, it is about the length of the contract. Ideally he wants to spend the rest of his career at Chelsea, but to do that they would need to offer him more than a one-year contract.

"Everyone at the club can see this stand-off makes no sense, as Ashley is only just over 30, as fit as ever and still in the best form of his career. The clubs who want him can see that; Chelsea see that, too, but it is down to the owner."

Manchester United lead the chase for Cole in England but Paris Saint-Germain remain the biggest threat to the left-back staying at the Bridge as his former manager Carlo Ancelotti has the resources to offer a lucrative long-term contract.


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