Cole has been at Liverpool for the last three seasons but without making an impression.
He will now hope to resurrect his career at the club where it all began for him.
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Summer 2016 is set to be a very exciting time for football fans, as this is when the long awaited Euro 2016 tournament kicks off.
Since Guus Hiddink arrived at the helm, Chelsea have improved considerably after a tricky start to the campaign.