Chelsea have slapped a €10 million price-tag on fullback Ashley Cole.El Mundo Deportivo says Real Madrid coach Jose Mourinho is seeking a January reunion with Cole, who he signed for the Blues in a controversial deal from Arsenal.

Cole is off contract in June and Chelsea will play hard-ball should he continue to refuse to accept a new, 12-month deal.

Real are keen, though whether Mourinho can convince the board to cough up €10 million for a 32 year-old less than six months from becoming a free agent is another matter.