England left-back Cole has found himself out of favour with Chelsea, as Jose Mourinho plays right-back Cesar Azpilicueta out of position instead. And, in a World Cup year, he needs first-team football or he will lose his place to Leighton Baines. So with that in mind, The Daily Express claims Tottenham and Liverpool are prepared to splash the cash on the former Arsenal man. New York are also keen.
Paper Round's view: This rumour could have some weight to it. Cole will be furious that he is behind Spain's third-choice right-back in the pecking order, while both Liverpool and Spurs have problems at left-back: Tottenham are not convinced by Danny Rose and Kyle Naughton, while Reds loanee Aly Cissokho is rated less highly than youngster Jon Flanagan in the absence of injured Spaniard Jose Enrique. MLS seems unlikely, with Cole clearly a top-flight footballer, although we reckon a move to a Spanish, French or Italian side could also be an option.
Arsenal going for a new striker
As Olivier Giroud starts to toil following a good start, Arsenal will pursue Porto's Jackson Martinez, Standard Liege's Michy Batshuayi and Real Madrid's Alvaro Morata, according to the Daily Mirror, who also cite the Daily Star as a reference. Martinez is rated at £34 million, while youngster Batshuayi would cost £8m and be loaned back to Liege for the rest of the season and Morata would be a loanee.
Paper Round's view: Arsenal have long been linked with Martinez, but as the fit-again Theo Walcott makes a compelling case to be the club's number-one striker, Arsene Wenger may instead use funds to pursue a defender or anchorman midfielder. In which case, a loan for Morata - with a view to buy - may work out. It is probably 50-50 regarding Martinez, but either way Nicklas Bendtner will need to be sold if Arsenal are to spend serious money on a forward this January.
Celtic set for 'Egyptian Trezeguet'
Egypt U21 star Mahmoud Hassan is rated at £1m and wants to move to England. However, it may be difficult to convince the Home Office to issue a work permit to a player who has not yet become a regular for a senior national team that, for various reasons, has slipped from the world's top 10 to number 41. But the Daily Mail believes he could be granted one to play in Scotland for Celtic, where he would be an instant first-team player. Neil Lennon has admitted as much, and Hassan's club Al-Ahly - where he has been nicknamed 'Trezeguet' after the former France striker - are willing to sell.
Paper Round's view: Celtic need a striker. And there is no doubt Hassan would be interested in playing for another big club outside of his native Egypt, where political problems have seen a recent exodus of players. But, unless the Hoops can convince the Home Office that Hassan is an 'exceptional talent', it is unlikely he will be granted a visa. Hassan is more likely to move to a European league with less stringent regulations regarding non-EU players - such as Belgium, Switzerland or Germany - before making the move to Britain. Like compatriot Mohamed Salah, who is expected to leave Basel for Liverpool soon.
Hull prepare record Fletcher swoop
Hull City could break their transfer record with a £6m move for Sunderland's Scotland striker Steven Fletcher, says the Mirror. Fletcher, 26, has struggled with injuries at the Stadium of Light but when fit he is a clear goal threat - something Hull have lacked despite their impressive start to the season. The Mirror adds that Fletcher has been on the bench for the Black Cats under Gus Poyet, and may be keen on a transfer.
Paper Round's view: This is a highly likely deal. Fletcher is a fine player who scores and creates goals for struggling clubs. He would probably suit Hull's style of play more than Poyet's, and Steve Bruce has been known to get the best out of this type of player. It is a good fit and - with Sunderland suffering from having too many forwards and not enough good defenders - this makes a lot of sense.