The 31-year-old has been a bit part player at Anfield under Brendan Rodgers this term, leading to speculation that he may be available to leave during the January transfer window.
Super Hoops manager Harry Redknapp believes that he can take advantage of this to bring the playmaker to Loftus Road when the transfer window opens later this week.
Should an acceptable bid be made it’s likely that Liverpool will accept, as they are keen to remove Cole’s £90,000-per-week wages from their expenditure.
It remains unclear as to whether the ex-Chelsea man will want to stay and fight for his place at the club, but with Daniel Sturridge and Tom Ince rumoured to be close to moving to Merseyside, it would appear that competition for attacking roles may increase.
Redknapp is keen to add to his squad at QPR, in a bid to haul them clear of the foot of the Premier League table.
Having coached Cole earlier in his career, ‘Arry knows of the attacking midfielders abilities and will be confident that he can add some creative quality to his side.
Cole was absent from Liverpool’s squad as the teams met on Sunday, furthering speculation that he is set to leave the club.