Chelsea FC defender Ashley Cole set for Real Madrid CF talks

Ashley Cole's agent has reportedly flown to Spain for talks with Real Madrid about a possible move for the Chelsea defender.

Cole is out of contract in the summer and has been linked with a number of in recent weeks, including Madrid, while Paris Saint-Germain are also believed to be keen.

The Blues are sticking to their policy of refusing to offer long-term deals to players over the age of thirty, with the England international set to be on the move at the end of the season, along with team-mate Frank Lampard.

And according to the Daily Mail, Cole's agent is in Spain as he looks to secure what is likely to be the last big-money contract of his career.

According to Friday's report, despite the interest from PSG and former Chelsea coach Carlo Ancelotti, the left-back is keen on a move to Real or their rivals Barcelona.

Manchester United are also rumoured to be interested in signing Cole on a free transfer in the summer.

Real Madrid defender Fabio Coentrao has been linked with a move to Chelsea as a replacement for Cole.

Reports in Spain towards the end of last year had suggested that Coentrao could be made available for sale in 2013, and in recent days it has been suggested that Los Blancos are willing to consider a sale this month should they receive a good offer.

And according to AS, the Portugal international has also emerged as a possible target for Man Utd as manager Sir Alex Ferguson considers his options at left-back.

Bookmakers Sky Bet make PSG favourites to sign Cole in their Ashley Cole Next Club market at time of writing, ahead of Jose Mourinho's side.