5m Cole on Ancelotti's wanted list as PSG eye summer swoop for Liverpool star
21:35 GMT, 26 March 2012
Joe Cole has emerged as one of Paris Saint-Germain's top transfer targets as they plan their ambitious summer spending.
Cole, who is on loan from Liverpool with French club Lille, is on Carlo Ancelotti's shopping list.
The midfielder's loan spell with Lille ends in May and Liverpool are prepared to listen to offers for Cole at the end of the season.
Wanted man: Joe Cole (right) has impressed while on loan at Lille
Cole quit Chelsea on a free in 2010 when Ancelotti was manager at Stamford Bridge because of a protracted dispute with the board over his contract.
He has flourished in French football and Ancelotti's wants to make him part of one of the grand project at Paris St Germain.
Lille want to keep Cole, but his 130,000 a week salary is a huge problem for them.
Liverpool have heavily subsidised his wages during his spell in France, but Cole is not prepared to take a drop in money when he makes his next move.
He still has two years remaining on his contract at Liverpool and although they will let him quit for 5m, his wages are an issue for Lille.
Shopping list: Carlo Ancelotti is keen to sign Cole for Paris Saint-Germain
That is not a problem for Paris St Germain and Ancelotti wants Cole, 30, to be part of a new-look team for next season.
He was part of Ancelotti's double-winning side at Chelsea in the Italian's first season at the club and PSG's new coach values him highly.
Ancelotti wanted Cole to stay at Chelsea, but the midfielder refused to lower his salary expectations after Liverpool made their move.
The England midfielder wanted parity with other top earners at the club, but Chelsea refused because of a long-term injury he sustained in January 2009.
He has since resdiscovered his enthusiasm for the game and is even convinced he can regain his England spot in time for this summer's Euros.