'No agreement' on Cole transfer
09/08/2006 - 21:03:02Chelsea 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 £25m 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.”
