It is believed that the Stamford Bridge club humiliated him with the offer of a one-year contract and a 40 per cent pay cut. The England midfielder is out of contract at the end of the season and had been hoping to sign a long-term deal to stay at Chelsea.
He was stunned when chairman Bruce Buck offered a 12-month deal with a one-year option – even though he is still only 28 and regarded as one of the most talented players in the Premier League.
Cole has made it clear he will not accept such a short-term package, with wages of £36,000 a week, and is set to join Man Utd as Cole has said many times his wish to play under Sir Alex before his career ends.