
The Italian shot stopper was regarded as one of the best goalkeepers in England after making a move to Stamford Bridge in 1999, in a bargain £160,000 move from Castel di Sangro.
The 34-year-old fought off competition from Mark Bosnich and Ed de Goey to establish himself as first choice for the Londoners, yet he has been firmly relegated to second string following the arrival of Petr Cech.
Cudicini has repeatedly expressed his happiness to remain with the Blues and challenge for his place, yet Greek giants Olympiakos are about to offer him regular first team football if a bid of around £2million is accepted.