From a Liverpool official site:
Liverpool FC are delighted to confirm the signing of Joe Cole on a four-year deal.
The England midfielder has agreed personal terms with the Reds and will undergo a medical in the next 48 hours.
Cole becomes the club’s second signing of the summer after Milan Jovanovic.
The 28-year-old arrives from Chelsea, where he won three league titles and two FA Cups during a seven-year spell.
Roy Hodgson gets the English version–certainly more accomplished–of Clint Dempsey.