Tunnicliffe, who signed a three-and-a-half year deal in SW6, has joined Wigan Athletic for the rest of the season, while Cole has hooked up with League One outfit MK Dons.
Asked whether Tunnicliffe and Cole have a future at Craven Cottage, Magath said: "Yes, sure. After the season it's a new situation.
"They are very talented, but now is the time we need players that are experienced and make less faults. A young player has to make faults to develop."
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