Liverpool boss Roy Hodgson is monitoring Carlton Cole's situation at West Ham United closely.
The Daily Mail says the Hammers are prepared to cash-in on the England striker - who has fallen down the pecking order at Upton Park - with Liverpool tipped to renew their interest in the 27-year-old.
Liverpool supposedly had a £9 million offer rejected for Cole during the summer as Roy Hodgson looked to add to his attacking options. However, West Ham are now understood to be willing to allow Cole to depart east London after the burly forward has struggled to get going this season.
Hodgson is reported to have anywhere between £20 million and £30 million to spend on new Anfield recruits in January as Liverpool owners NESV prepare to invest heavily in the playing squad to ensure future success on Merseyside.
