The player feels that the reported £400,000 the club want to fine him is unfair, after reports surfaced of his sexual adventuring whilst away on club trips.
Cole is alleged to have smuggled women into the team hotel on club trips, and is believed to have misled Steve Atkins, the club's director of communications, on one such instance during the Blues' pre-season tour to the USA last summer.
The left-back will reportedly express his sense of his injustice when he meets Chelsea chief executive Ron Gourlay for his disciplinary hearing this week.
He is yet to apologise to Atkins, and the deepening rift could apparently see him leave Stamford Bridge.
There is reportedly real anger at the club that Cole deceived a club official on at least one occasion, and brought women back to team hotels at least three times.
Chelsea also maintain that the matter does not bear comparison with the recent lurid revelations of events in John Terry's life. Terry, they insist, may have erred but his alleged affair was carried out in his own time and in situations with no relevance to the club.
Barcelona and Real Madrid are believed to be interested should Cole decide to leave Stamford Bridge, though Sky Sports News is reporting that there are no underlying issues behind the scenes at Chelsea.