Former Chelsea and England stalwart, Ashley Cole, is close to making a decision on his future with the bookies tipping Monaco as the frontrunners.

Cole joined Chelsea from Arsenal in 2006 and after a successful eight-year spell with the club which saw him win one Premier League title, four FA Cups and a Champions League title amongst others, and the 33-year old left back has decided to find a new challenge after falling out of favour at Stamford Bridge.

Cole considering eight offers

Last month the Telegraph reported that the former England star was considering lucrative offers from eight different clubs including Liverpool, Manchester City, Real Madrid, Monaco and David Beckham's former team the L.A. Galaxy.

At first it was thought that a move across the Atlantic would suit the 33-year old however he has been surprised with some of the high profile interest that has come his way with all offers exceeding the 12-months Chelsea were prepared to give Cole.

Monaco frontrunners 

AC Milan and Barcelona are two other clubs reportedly interested in the player however over the last 24-hours it appears Cole is close to opting for a life in the South of France with Monaco.

Monaco is bankrolled by Russian billionaire Dmitry Rybolovlev and the lure of a huge tax-free wage of in excess £6 million a year, Champions League football and an opportunity to challenge PSG for the League title seems to have got Cole's attention.

Not to mention the lifestyle that the French Riveira has to offer.

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- Mourinho snubbed departing star
- Another Chelsea star on his way?

Adding to this, at 33, Cole still believe he has plenty to offer and considering offers from one of the other big clubs like Real and Barca will mean the former England international will be contemplating spending sometime on the bench as cover.

At Monaco this won't be the case and his Champions League experience will almost guarantee him plenty of action in Europe.

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Monaco were Europe's big spenders last season with over €100 million when they acquired the services of Falcao, Moutinho and Rodriguez to name a few and Dmitry Rybolovlev will have no problem offering the 107-Cap international £12 million over two years considering he comes on a free transfer.

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