Speaking to BBC Radio 5 live, Taylor said "I think Baines will play and Shaw should be taken to earn experience for the future.
"Shaw could be seen as a gamble, but if you're taking Cole and he is not first choice, then I think Shaw should be taken instead.
"I'm not discrediting Cole for all that he has achieved with England, but everybody's time comes and in Ashley's case it is gradually coming.
"There will be a lot of time off the pitch and Ashley, with over 100 caps, will want to know why he is not playing. Better to take a boy who you know has great potential."
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