Two contract extensions and one departure at Chelsea this summer?

Ashley Cole

Chelsea fans in the Football Transfer Tavern are happy this evening and not just because they found Liverpool’s demise last night hilarious.

No, they’re happy because the Daily Star are reporting that John Terry has been given a one-year contract extension.

It is believed that Terry has had to halve his current deal of £160,000-a-week to stay at the club but it is believed he agreed because he is so desperate to stay with the West London giants.

The former England international has made 646 appearances for the club since joining aged 14 and it now seems the club captain of ten years is staying put.

Terry comforted fellow defender Ashley Cole at the weekend after Chelsea’s 0-0 draw against relegation strugglers Norwich City.

Terry may have done enough to earn an extra year under Mourinho’s regime but it seems that Cole is on his way out of the club.

Cole was in tears come the final whistle on Sunday and has been linked with big money moves to Paris Saint-Germain and New York Red Bulls in North America’s MLS.

Frank Lampard is also set to sign an extension to his current contract but at a dramatically reduced wage.

Chelsea fans. Is Jose Mourinho right to let Ashley Cole go and are you happy that Terry and Lampard are going to be given at least one more year at Stamford Bridge? Let us know your thoughts below.

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