The Chelsea veteran, 33, is wanted by Real manager Carlo Ancelotti, who is prepared to discuss a short-term deal with the player he knows well from his spell in charge at Stamford Bridge.

Ancelotti - bracing himself to lose his current left-back Fabio Coentrao, who is unsettled - believes Cole is still capable of playing at the highest level and would get him cheaply in the January transfer window or on a free in the summer when his contract runs out.