The 33-year-old French international spent the whole of last season in the reserves at Stamford Bridge before his contract expired.
"I am thinking I will take a decision soon," Malouda is quoted as saying by Sky Sports News.
"I need to go to a club and play football. I do not want to experience my last year at Chelsea again. It was difficult for me and I need to have certain guarantees before making a decision.
"The positive news is that clubs are interested in me and want me at their club. That is the most important thing."
Napoli, Marseille and Olympiakos are all thought to be interested in signing Malouda on a free transfer.