Neil Warnock admits Queens Park Rangers can now afford to pay a larger portion of Joe Cole's wages as he plots his moves in the transfer market.
Tony Fernandes' takeover at Loftus Road last week has given Warnock added funds to strengthen his squad before the transfer window closes.
The QPR boss has up to a dozen targets and is hoping to bring in 'four or five' fresh faces to improve his options.
Liverpool midfielder Cole is among the players to have been linked with the newly-promoted club after failing to make an impact since moving to Anfield last summer.
Cole started just nine Premier League games last season and has not been involved in Kenny Dalglish's squad for the opening two fixtures of the current campaign.
The England international's wages have previously been mooted as a stumbling block for any transfer away from Liverpool and Warnock refused to be drawn on whether he would bid for the 29-year-old.
However, Warnock acknowledged the injection of funds by Fernandes has given him a stronger hand to play in the transfer market over the coming days.
"We will not just spend money for the sake of it," said Warnock. "We have to get quality players in to the club.
"Joe Cole? We can probably afford 30 or 40 per cent of his wages now. The chairman knows all my targets and we are discussing them.
"This man coming in, Tony Fernandes, is a dream come true. You do not often get the opportunity to look at players I have only dreamed about. I am in Utopia."