Yes you did read that title, correctly. Several news outlets, including The Daily, are reporting that Manchester United boss Sir Alex Ferguson is looking to sign the England and Chelsea left-back on a free at the end of the season, when Cole's contract with the European champions runs out.
Sir Alex has always touted Cole as the best at what he does in the whole of world football, and is not slow to remind people that Cole was one of the few players to have ever gotten one over on the great Cristiano Ronaldo.
Chelsea's policy of offering players a year-by-year contract if they are over the age of 30 is in theory a decent one, although when that is how you deal with your more "elderly" talent, problems of this nature for the Blues will always occur.
Of course, for Cole to want to have the motive to leave London and head up North, Fergie will have to do a lot of convincing. Chelsea have started the season like wildfire, and show a genuine potential for the first time in several years to not only retain their Champions League title, but also take the Premier League crown to Stamford Bridge once again.
In contrast, United are struggling heavily with defensive issues and—despite an attack that many would argue harbours the two best strikers in the entire league—have dropped silly points both at home and away.
But perhaps this in itself is a driving force for Cole? The knowledge that he is coming in to shape up the United defence is a task (and an honour) that many players would revel in.
It is also fairly common knowledge that Manchester United's star striker, Wayne Rooney, is one of Cole's best friends in the game. The two men have bonded during their extensive time with the national team, and Rooney himself could be used as a pawn in Fergie's attempts to bring the left-back to the club.
With Patrice Evra now seemingly past United's high standards, and Alexander Büttner still just a couple of years shy of it, Cole would act as a brilliant void-filler until the young Dutchman is ready to take on the mantel of a starting XI player.
Cole's overseeing hand would also be brilliant tutelage for Büttner (something that I can't help but feel he isn't currently receiving from the somewhat self-centred Evra).
Even if it's just for one season, this deal would really be a fabulous coup for the Red Devils.
This summer has proven that big stars are willing to join United ahead of big cash sums. Robin van Persie was offered extortionate sums of money to join Manchester City, but eventually decided to link up with Rooney and Kagawa at Old Trafford.
Could we see the same thing evident this summer with Cole? I don't think it's as crazy an idea as it first appears.
Watch this space.