It's rubbish news for me, He will not join Gunners. At the moment Spurs and United is ahead to sign him and he likely to re-join Herry as he worked with him at WHU when Cole was young gun but bigger success can bring him to Old Trafford.
I'm pretty sure he's signing for Spurs, a great player but his injuries haven't given him the chance to show it in these past few season. http://www.youtube.com/watch?v=y1KRYc5hnJE
So glad we've got him, I thought he was sure to join a London based club. Gerrard, Johnson and Carra all did a great job of tapping him up in Seeeeeth Africkaaa!
Liverpool have signed Joe Cole, not sure where you got Arsenal from. Decent signing for Liverpool, they need a couple more of those really.
Liverpool signed Joe Cole like it going to make any differences his not ask good a player as he used to be