Liverpool boss Roy Hodgson will hope to outbid the likes of Tottenham and Arsenal as the race for Joe Cole hots up.
England midfielder Cole was released by Chelsea after six years at Stamford Bridge after the Blues refused to meet the 28-year-old's wage demands.
It is thought that Tottenham and Arsenal are leading the chase for Cole, who has spent his entire career in London, having started at West Ham. However, Hodgson will hope to persuade Cole that the future at Anfield is bright and that stars such as Steven Gerrard and Fernando Torres can be persuaded to stay at Liverpool, especially if Cole himself opts for a move north.
The News of the World reports that Hodgson is prepared to push the boat out to sign Cole, which would send a statement of intent to the rest of the Premier League. Apparently, Cole will be offered a massive £4.7million-a-year deal, equivalent to a £90,000 three-year contract in order to become Hodgson's first major signing.
Liverpool's England contingent, Steven Gerrard, Jamie Carragher and Glen Johnson, return to training at the end of the week and Hodgson would be delighted if their World Cup team-mate Cole were to join them.
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