The Spanish La Liga side has reportedly offered the Blues’ captain 18 months with an included option to extend the contract another year.
“The offer is on his table,” Gallardo informed the station. “The player is out of contract in June and will not renew there for several reasons at Chelsea and he wants to come to Spain.”
The news comes at a bad time for Chelsea.
The defending Champions of Europe are coming off their first loss of the season in a 2-1 defeat against Shakhtar Donetsk in Champions League group play. They also have an upcoming Premier League clash with second-place Manchester United this Sunday.
Many believe Chelsea’s recently adopted policy could be to blame.
Under the policy, any player over the age of 30 who has an expiring contract can only be offered a maximum of a one-year extension.
Didier Drogba and Nicolas Anelka were the first two casualties to the policy. Cole and Terry might be next.
“Terry has problems,” Gallardo continued. “They are insulting him and he is not taking it anymore. He asked to leave, not us.”
Terry, 31, has been with Chelsea ever since he was 16.
Check back for updates on the situation.
Sebastian can be followed on Twitter at @SP7988