This story has been reproduced from today's media. It does not necessarily represent the position of Liverpool Football Club.
Joe Cole is set to reject an offer from Liverpool to stay in London with either Tottenham or Arsenal.
The Gunners are understood to be favourites after offering a reported £115,000-a-week to the former Chelsea midfielder.
Cole, who only started fourteen Premier League games for Chelsea last season, has been released on a free transfer by the London club.
Roy Hodgson was understood to be forming an deal to bring the England midfielder to Merseyside, though Cole is now likely to reject the offer in an attempt to stay in London.
Spurs are set to battle it out with rivals Arsenal in a race to sign the midfielder.
This story has been reproduced from today's media. It does not necessarily represent the position of Liverpool Football Club.
This story has been reproduced from today's media. It does not necessarily represent the position of Liverpool Football Club.
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