Liverpool boss Roy Hodgson has confirmed his interest in Joe Cole, but has not held recent talks with the free agent midfielder.
The England international is available on a free transfer following his release by Chelsea at the end of the last season.
The 28-year-old is believed to be interesting Arsenal, Tottenham, former club West Ham United and the Reds.
Bookmakers have stopped taking bets on the possibility of Cole moving to Anfield and Hodgson has admitted he is interested in signing the attacking midfielder.
"I'm not a betting man so that doesn't actually play a big part that betting is suspended," Hodgson told Sky Sports News.
"I don't even know enough about betting to know what that means.
"As far as I know, Joe Cole is still a player looking for a club.
"I know we've been connected with him - and it's good to know we're connected with players of that quality - but I don't have anything to report on the subject.
"I haven't had any discussions with him, but I had a brief chat a while back.
"If you want to know about transfer targets and how things are progressing, you'll have to ask (managing director) Christian Purslow because he's the man looking after those discussions not me."
Meanwhile, the Reds have agreed to sell Argentinian defender Emiliano Insua to Italian side Fiorentina.
Hodgson added: "A deal has been struck with Fiorentina. We wish him well for the rest of his career and thank him for his time spent at Liverpool.
"I am expecting him to join Fiorentina next week."