Ashley Cole signs new Chelsea contract

Cole is out of contract at the Blues at the end of the season and was expected to leave Stamford Bridge, but the 32 year-old has snubbed the overtures of Real Madrid and Paris St Germain by committing his future to his current club. The England defender has put pen-to-paper on a one-year contract extension and both parties expect the paperwork to be signed off in the next 48 hours. Cole’s Chelsea team-mate, Frank Lampard, is also out of contract at the end of the Premier League campaign and has been linked with a move to LA Galaxy. The news that Cole has agreed to commit his future to Chelsea will go some way towards appeasing the Blues fans who had become unhappy with the club's failure to tie the player down to a new deal. Despite coming towards the latter stages of his career, Cole is still regarded as one of the best left-backs on the planet. By Telegraph Sport 6:13PM GMT 19 Jan 2013

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