Cole set to reject Liverpool

The race for Joe Cole’s signature took another twist today after the Metro claim the player will reject the advances of Liverpool in favour of a move to either Arsenal or Tottenham.

Several of Europe’s elite have been linked with a move for free agent Cole after he was released by Chelsea after being unable to agree a contract extension.

Reports over the past few days have suggested Liverpool were right in the mix and new manager Roy Hodgson was keen to speak with the playmaker in an attempt to persuade him his future lay in Merseyside despite Liverpool being unable to offer him Champions League football next season.

But it seems Cole would prefer to remain in London leaving North London rivals Arsenal and Tottenham to battle it out. The Gunners are understood to be in pole position after offering Cole a £115,000-a-week contract. However, Tottenham have got a package together themselves that would include several bonuses on top of a £60,000-a-week basic wage.

Cole is currently on holiday with his family and has left his agent to deal with all negotiations until he returns next week. He is wanting to take his time over what will be his last major contract but has previously suggested his decision will be based on footballing not financial factors.

This story has been reproduced from today's media. It does not necessarily represent the position of Liverpool Football Club.