"No agreement" on Cole transfer

Jeroen

9 augustus 2006, 23:09

Chelsea have ruled out signing Arsenal left-back Ashley Cole "in the current circumstances" after claiming the asking price is too high.

Arsenal have reportedly asked for 25million for the 25-year-old England defender, and Chelsea claim they will not buy unless the price drops.

A Chelsea statement read: "Chelsea FC has been in discussions with Arsenal Football Club for some time over the possible transfer of Ashley Cole. Chelsea has made a very substantial offer for the player. Although discussions have continued, Arsenal's valuation of the player does not match Chelsea's and therefore no agreement can be reached in the current circumstances."

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