The Guardian says Liverpool made a belated attempt to wrest Cole from West Ham United yesterday, having considered previous options over recent days, but several offers were unable to convince the Hammers to sell the England international.
Liverpool are believed to have offered Lucas Leiva, the Brazilian midfielder, and Ryan Babel, their Dutch international forward, in exchange for Cole but neither player wanted to leave Anfield for Upton Park.
Babel reportedly travelled to London via helicopter in anticipation of a deal only to eventually Tweet that; "I'm going no where. LFC all the way. YNWA!!" as the clubs failed to agree on a valuation for Cole.