However following the arrival of interim manager Guus Hiddink, and the recovery from niggling injuries, Malouda has seen an upturn in his form which has led to a re-think at the club. He now appears to feature in the plans of new manager Carlo Ancelotti even though the Italian – on Hiddink's recommendation – is set to welcome another left-sided player, Yuri Zhirkov, to Chelsea.
The Russian international, however, can play at left-back and will provide competition across the left-flank. He is set to sign for around £18 million from CSKA Moscow and be the first major capture of Ancelotti's regime.
Malouda is believed to have agreed a deal that extends his contract from 2011 to 2013, effectively giving him a new four-year contract.
Malouda, who turned 29 last week, has been linked with several clubs in recent months, mainly in Italy, and made no secret of the fact that, until recently, he was unsettled at Chelsea.
If he sees out his contract it will mean he may well end his career, however, with the Premier League club who he joined for £13.5 million from Lyon in July 2007.
Malouda is good friends with Didier Drogba, having played together at the French club Guingcamp, and the Ivorian has also been offered a new three-year contract at Chelsea. The striker wants to hold talks with Ancelotti before committing himself to a deal.