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Cole, 37, joined LA in 2016 after leaving Rome and was named captain of the team before the 2018 season.
The Galaxy has failed to qualify for the play-offs after a hectic season and confirmed Monday that it would not keep Cole for 2019.
Los Angeles Galaxy defender Ashley Cole (3) is looking to play a ball in the second half against Toronto FC at BMO Field.Reuters
Cole gave no indication of his future plans.
Ibrahimovic, who joined the Galaxy for the 2018 season, is still part of the team since he is under contract until 2019.
However, persistent rumors connect him to a return to the former side of AC Milan.
Zlatan Ibrahimovic. Galaxy-Los Angeles Red Bulls – MLS 2018 – Getty ImagesGetty Images
The Swedish striker scored 22 goals in his first season and was nominated for the club's MVP title alongside Miguel Almiron, Carlos Vela, Josef Martinez and the former Manchester United striker, Wayne Rooney.
Ibrahimovic was also nominated for the Newcomer of the Year Award alongside Rooney and Vela.
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