Ashley Cole could well be on his way out of Chelsea after it emerged that Paris Saint-Germain were keen to secure the services of the left-back in January.

The England defender has entered the final 12 months on his contract and is said to be unhappy at the new policy at Chelsea which states that players over the age of 30 only receive a one-year extension.

Ashley Cole
Cole is still considered one of the best left-backs in world football [Reuters]

A report in the Daily Mail suggests that the 31-year-old is ready to leave Chelsea and that PSG will look to make an offer during the January transfer window.

The Ligue 1 side are one of the few clubs in world football that can compete financially with Chelsea after being bought by Qatari owners. They proved their financial power in the summer when they spent more than €100million on Thiago Silva, Zlatan Ibrahimovic and Lucas Moura.

PSG manager Carlo Ancelotti knows the player well from their time together at Chelsea and recently stated that he believed Cole was still the best left-back in the world.

Cole would certainly feel at home should he decide to make the move to Paris as the club currently employ four former Chelsea players in Ancelotti, Nick Broad, Paul Clement and Claude Makelele.

The French club are currently second in the table, three points behind Marseille, and would be able to offer Champions League football to Cole.

The former Arsenal defender reportedly wants a longer-term contract than Chelsea are willing to offer and may consider the possibility of leaving Stamford Bridge.

Chelsea already have a ready-made replacement in Ryan Bertrand who has deputised for the defender on a number of occasions and was even awarded a start in last season's Champions League final.

The Mail claims that PSG would be willing to offer Cole a three-year contract worth around £150,000-a-week. They would also need to make an offer should they want to sign him in January, or they could wait until the end of the season and sign him on a free transfer.