An assembly for cold therapy to a joint of a person or an animal has a panel formed of a foam material, and a plurality of ice packs positioned within the foam material of the panel in a location between an inner side and an outer side of the panel. The panel is adapted to wrap around at least a portion of the joint. The assembly further includes a wrap extending across the outer side of the panel. This wrap has a length suitable for wrapping around the joint. The plurality of ice packs are arranged in rows and columns within the panel. The foam material is a polyurethane open cell foam material. The wrap is formed of an elastomeric material. The wrap has a fastener thereon that is adapted to affix one end of the wrap to an outer surface of the wrap.