Chelsea look set to offer Ashley Cole a new long-term contract, and ward off interest from La Liga giants Barcelona.
According to goal.com, the Blues are ready to offer their star left-back a deal which will see the player spend the rest of his career at Stamford Bridge.
Cole, who has one year left on his current contract, will hold talks with the Chelsea hierarchy in the coming weeks. The defender's stock has never been higher, after a world-class performance in the Blues' Champions League final win over Bayern Munich.
Reports suggest that Chelsea will offer the England international a new three-year contract, placing the 31-year-old in the club's top wage earner bracket, alongside Frank Lampard, John Terry and Fernando Torres.
The former-Arsenal star has attracted interest from Barcelona in recent weeks though, as the Catalan club seeks cover for Eric Abidal. But the Blues have moved early to ward off any interest, and Barca may instead turn their attention to Spurs midfielder Gareth Bale.
Cole is set to join up with the England squad next week before England's final Euro 2012 warm-up friendly against Belgium at Wembley. The left-back, along with other Chelsea stars Frank Lampard and John Terry, was given extra rest by Roy Hodgson after their exploits at the Allianz Arena.