Talks: Chelsea want Cole to stay
It has been claimed that Cole, 31, has been offered a one-year extension to his current deal, which expires next summer, and was ready to walk away for nothing.
But sources with knowledge of the negotiations were bemused by such suggestions amid what were said to be perfectly amicable talks, which began this summer.
It is understood that while Chelsea are more reluctant to offer long contracts to players in the thirties, each case in judged on its merits and Cole is viewed as someone with the potential to star at the highest level for several more years.
The left-back confirmed last month
that discussions with the Blues were under way and rubbished suggestions
he had demanded a pay rise to £200,000 a week.
Suit you, sir: The defender is out of contract at the end of this season
He has been heavily linked with Real Madrid in the past, while plenty of other teams would be tempted to offer him mega-money deals.
Cole currently faces a race against time to be fit for England's second World Cup qualifier against Ukraine on Tuesday after being ruled out of tomorrow's opener in Moldova with an ankle injury.
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