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It was hoped that the Bosman signing of Cole would send a message that the club retained their ambition to buy players of pedigree. He became one of the club's top earners.
After that, one setback followed another as he was unable to get a run in the side.
The new owners, Fenway Sports Group, then used Cole as an example of ill-advised recruitment policies of the previous regime.
With Liverpool still in the process of trying to move out big earners to relocate funds, they will welcome Cole's exit.
He is unlikely to be the only departure from Anfield this month.
Sahin has struggled to adapt to English football and has been – relegated to the bench.
As with Cole, ending Sahin's spell at Anfield will enable Rodgers to divert resources towards players he wants to recruit. (© Daily Telegraph, London)