Liverpool midfielder Joe Cole will not be moving to QPR according to their manager Neil Warnock.

The reds midfielder has been deemed surplus to requirements at Anfield – representing the antithesis of Fenway’s new strategy at Liverpool which is against overpayed, underplayed, ageing footballers.

QPR had been heavily linked with the player but the player’s salary requirements are likely to be a significant stumbling block for Liverpool’s attempts to sell.

Warnock told the Evening Standard:

“I don’t think anyone wants to splash out fortunes. I think the Premier League will be a great League to be in, and I think the owners will really enjoy it, but they will want me to be as thrifty as I have been in the Championship, getting value for money and entertainment as best that we can without spending millions. “I can’t see them throwing money around with 18,000 crowds. I don’t think they want to be self-sufficient, as that is difficult, but they don’t want to be throwing money around stupidly. “I see we have been linked with Joe Cole but I doubt we could afford a quarter of his wages.

Liverpool signed Joe Cole last summer on a ‘free’ transfer. However, it has since emerged that the players signing on fee may have reached as high as £5M.