Roy Hodgson is happy to see Liverpool linked with Joe Cole, but insists he has not held talks over a deal for the midfielder.
Cole is looking for a new club after being released by Chelsea and he has attracted interest from North London rivals Arsenal and Tottenham Hotspur.
However, bookmakers have suspended betting on which club Cole will join next season amid rumours the England international is bound for Anfield.
Reds boss Hodgson has not spoken to the 28-year-old recently and refused to expand on rumours he could become a Liverpool player.
"I'm not a betting man so that doesn't actually play a big part that betting is suspended," Hodgson told Sky Sports News. "I don't even know enough about betting to know what that means.
"As far as I know, Joe Cole is still a player looking for a club.
"I know we've been connected with him, and it's good to know we're connected with players of that quality, but I don't have anything to report on the subject.
"I haven't had any discussions with him, but I had a brief chat a while back.
"If you want to know about transfer targets, and how things are progressing, you'll have to ask (managing director) Christian Purslow because he's the man looking after those discussions, not me."
Hodgson also revealed he met with Liverpool co-owner George Gillett prior to the club's opening pre-season friendly against Al-Hilal in Austria being postponed due to a waterlogged pitch.
He added: "It was nice to meet him, of course. I don't know him very well, but it was nice to speak to him.
"It was good of him to come to the game. It's a pity that, I'm sure, like the rest of us he would have liked to have seen Liverpool play."