"I've spoken with Coley quite a bit since he left seeing how he has settled in, and obviously he is quite frustrated, he wanted to go there and do well but Liverpool as a team haven't done so well," Terry told chelseafc.com.
"At times like that when the team isn't doing well it's hard to do well yourself, but we all know the quality Joe's got, and they've shown signs of picking up, but hopefully it's later rather than sooner."
There were plenty of highlights in Cole's time at Stamford Bridge, but rather than pick one out Terry opted to offer an insight into why the diminutive playmaker was such a popular player around the place.
"I just love Coley as a character, when we'd go away for two or three days and he'd just pack a toothbrush, toothpaste and a spare pair of pants, in the smallest bag.
"Everyone else had big holdalls and he had his mobile, that was it, he was just really random. He'd get off the bus and he'd have forgotten his phone, or his glasses, or his bag. He'd get in and ask if I had his bag, and I'd say, 'No I've got my own bag, why haven't you got yours?'
"That sums him up, but on the pitch he was different class and a great lad to have around the place as well."