Real Madrid will reportedly offer Ashley Cole a two-year deal to move to Spain after his current Chelsea contract expires at the end of the season.
The People claims that Los Blancos boss Carlo Ancelotti has earmarked two left-backs, one young star and one experienced player, as a priority during the summer transfer window.
Ancelotti is said to be eyeing Sevilla's 21-year-old defender Alberto Moreno as one of those targets and will offer Cole a chance to move to the Bernabeu as well.
It is believed that the England international could earn a third year at Real if he plays a certain number of games over the course of the 2015-16 season.
Cole has also been recently linked with a move to Liverpool at the end of the season.