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Real Madrid prepare contract offer for Chelsea veteran Cole

Real Madrid are making a move for Chelsea fullback Ashley Cole.

The People says Madrid boss Carlo Ancelotti has made the signing of two left-backs, one with experience and the other a rising star, his transfer window priority.

Sevilla's Alberto Moreno, 21, is their top young target with Cole, now 33 and a key member of Ancelotti's Double-winning Chelsea side of 2010, the preferred old hand.

Ancelotti would love to work with Cole again and Real president Florentino Perez has agreed a move for the Blues' defender, who will be out of contract at the end of the season.

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