The West London club has set a transfer purse of 10 million Euros for their prized asset, the left fullback Ashley Cole, according to reports from the El Mundo Deportivo.  Real Madrid has been interested in securing the services of Cole and the price tag might be the starting point of discussions between the two clubs.

The Real Madrid manager Jose Mourinho who had usurped Cole from Arsenal while he was at the helm at Chelsea has been a longtime admirer of the England international; and with the left back crisis of late at the Bernabeu (with Marcelo and Coentrao out injured), Cole presents a more than potent option. The 32-year old left back is going through a dream run and his goal-line clearances and penalty strike in the semifinals and final respectively of last season’s Champions League had propelled Chelsea to their first European title. However, Chelsea’s policy of allowing only 12 month contract extension for players above 30 years of age has exacerbated a situation where the in-form Cole is also looking for one final payday.

It remains to be seen if the Madrid board sees the 10 million figure as too high for a 32 year old player who has only half a season to go before becoming a free agent, or whether they accede to Mourinho’s demands and accept the fee as suitable for a world class left back.

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