AC Milan are following Chelsea winger Joe Cole's contract negotiations with interest. The England international is in the process of negotiating a new deal at Stamford Bridge but could walk out if he doesn't get one, according to Milannews.it.

Cole's current deal expires in the summer, meaning he would be free to join another side.

Despite the report though, Milan vice-president Adriano Galliani did say their market was "closed" on Saturday.