Winger will return to Merseyside after season in France.
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New Liverpool manager Brendan Rogers will give Joe Cole the chance to revive his career at Anfield following the midfielder’s season-long loan at French club Lille.
Cole, 30, impressed during his time on the continent, making 38 appearances and scoring four times, after sealing the surprise move on transfer deadline day last August.
Lille boss Rudi Garcia has confirmed that the former England man will now return to Merseyside to link up with Rogers, who he worked with at Chelsea.
“Joe Cole will stay at Liverpool,” Garcia confirmed to Canal+. “The new staff have decided to keep him.
“We will keep very good memories of the player but also of the man.”
Cole was brought to Anfield by former Reds boss Roy Hodgson on a free transfer in July 2010. But the midfielder struggled for form and fitness, managing just three goals and two assists in a disappointing campaign, before being loaned out following Kenny Dalglish’s appointment in January 2011.
Cole is likely to face fierce competition for places at Liverpool, with Rogers also keen to add Hoffenheim dead-ball specialist Gylfi Sigurdsson and Wigan’s Victor Moses to an already burgeoning midfield.