Reading are aiming to make a statement in the transfer window with their newly promoted Premier League status.
The Royals want to make a marquee signing during the summer and according to the dailystar have ear-marked the Liverpool Midfielder as a possible target.
Cole's season long loan at Lille ends this week as the Ligue 1 season comes to a close and the midfielder's future has yet to be decided.
Cole currently has two years left on his highly paid Reds deal and matching those terms would pose problem for the Royals.
They are exploring the possibility of taking Cole on loan for a season and paying a percentage of his wage packet, similar to the current deal in place at Lille.
Source: DSG
Source: DSG