Cole had been linked with a move to Real Madrid or Paris St Germain, but this weekend a breakthrough appears to have been reached with Chelsea.
“I’m really pleased. The paperwork has to be done but the agreement is there,” Benitez told the club’s website.
“We are happy and he is happy.”
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The start of the 2017-18 Premier League season is just around the corner and is shaping up to be one of the most competitive yet.
As always it is the so called “big clubs” that have splashed the most cash in the transfer window so far this summer. Manchester United or City? Arsenal or Tottenham? Who are the winners and losers of the transfer window so far?