Real Madrid are the odds-on favourites to sign Chelsea's Ashley Cole at the end of the season.
The England international could be allowed to leave Stamford Bridge in the summer as he has fallen behind Cesar Azpilicueta in the pecking order.
Cole will become a free agent from July 1 if he doesn't sign a new contract between now and the end of the season.
A number of sides will be in the running to sign Cole as the left-back remains one of the most consistent defenders in European football.
Liverpool are also rumoured to be in the market for Cole should the 33-year-old decide to leave leave Stamford Bridge, as Brendan Rodgers wants to add a new left-back to his ranks.
However the bookmakers believe Cole will move abroad to either Madrid, Monaco or America if the former Arsenal defender was to leave Chelsea in the foreseeable future.
Odds on Ashely Cole's next club after summer transfer window:
Real Madrid - 4/5
Monaco - 5/2
Any MLS Club - 4/1
AC Milan - 33/1
Dortmund - 33/1