QPR boss Harry Redknapp admits they need Liverpool to come to the table if Joe Cole is to sign.
Redknapp hopes to take the midfielder on a six-month loan.
"I would like to bring Joe here if we could but the deal has to be right for the club," said Redknapp.
"We couldn't do a deal for what his contract is at Liverpool. We would have to look at doing a deal with Liverpool if they are willing to let him go.
"I will have to speak to Brendan (Rodgers) when the time is right and see what he has to say."