Cole undergoing Hammers medical
West Ham will not pay a transfer fee for the England international as Liverpool are prepared to cancel his contract. The Merseyside club will also pay him a negotiated settlement in order to get his estimated £100,000-a-week salary off the wage bill.
The midfielder has played the majority of his games with the Reds in cup competitions and was sent out on loan to Lille last term.
Reds boss Brendan Rodgers deemed the 31-year-old surplus to requirements when he took over last summer and Cole is keen to go back to Upton Park, where he began his career back in 1994.