The 'Call My Name' singer is said to have contacted the player - on loan at Aston Villa - to rent the property for six months.
> Cheryl Cole posts Louis Walsh 'truce text': 'We used to have great fun'
Cole would reportedly pay around £3,000 a week to stay in the house, according to The Sun.
The singer first visited the property several years ago when she was still married to fellow England international Ashley Cole.
A source revealed: "Cheryl is getting organised for an extremely busy couple of years ahead.
"She has a chart campaign starting soon with a single and new album, as well as the big Girls Aloud reunion tour also on the way.
"She wants to have solid foundations in place before the madness kicks off again next month."
> Cheryl Cole 'still on good terms with Ashley's family'
Cole will reportedly meet with estate agents later today (April 12) to finalise the deal.
Girls Aloud held a secret meeting at a London hotel earlier this week to discuss their upcoming comeback tour.
Cole is rumoured to be considering dropping her last name professionally, to be known simply as 'Cheryl' for future projects.
> Cheryl Cole shoots video for 'Call My Name' - in pictures
Watch the video to 'Fight for This Love' by Cheryl Cole below: