Cole, who represented Chelsea between 2003 and 2010, now plays his football in Florida for the Tampa Bay Rowdies.
Back in 2014, Everton paid £28million (BBC) to sign Romelu from the Blues and as per the provided Express link, the Merseysiders are now demanding a huge price of £100million from his sale.
The Premier League champions are on the lookout for a new striker after manager Antonio Conte informed Diego Costa that he is not part of his plans for next season.
The refusal to budge by both sets of Blues means that negotiations could be a protracted ordeal, but given that Lukaku is likely the best striker available on the market, Everton will know that someone will probably pony up the requested 100 million in time.
Among the new players being linked to Chelsea, three of which, Cristiano Ronaldo, Radja Nainggolan and Alvaro Morata, have all also been linked with a move to Manchester United. Conte has told him that he wants him out so you would be looking at a striker, ' the ex-England winger told Goal. He is younger [than Costa], that's in his favour'.
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Cole also threw Sergio Aguero's hat into the ring, as well as Alexis Sanchez, although neither of those deals seem almost as likely or close to completion as Lukaku's. 'I think one of them three could be enough to make sure Chelsea are not weakened and maybe strengthened a little bit as well.
'The financial structure of it and the cost.
"Harry Kane is twice the player Lukaku is - based on my eyes, based on my knowledge, based on what I see".
While claims that Everton would prefer Manchester United to firm up their interest, allowing the Toffees to bring Chris Smalling into the deal, a sale to bitter rivals wouldn't sit well with the Gwladys Street End. In 48 games played, he has scored 32 goals, and this record has attracted much attention for this 20-year-old.
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