Cole has been with West Ham for nine seasons, scoring a total of 68 goals, though he only netted twice in 23 league games this term.
He was in a similar position back in 2013 when it was announced he would be leaving the Hammers, but their failure to bring in a new striker saw Cole re-sign with the club the following season.
Now his time is coming to an end for good though and he revealed on Twitter today that he was preparing for a new adventure.
The 31-year-old forward was strongly linked with an MLS move then, and he is again now. Speaking to Sky Sports last month, Cole revealed he would be open to a move across the Atlantic.
“I’m quite open, I am an adventurous guy. I wouldn’t mind a bit of China or even the MLS, you never know. I’m really open and I just want to see what offers are on the table and take it from there.”
Cole will be a free agent when his contract expires in five weeks and so MLS clubs will be free to talk to the former Chelsea man about a possible move stateside.
He was previously linked with Houston Dynamo, San Jose Earthquakes and DC United in 2013 but reportedly preferred a move to LA Galaxy.
The Dynamo and San Jose are unlikely to move for Cole now, having signed DP strikers before the start of the season but DC could move again as they have a lack of depth in attack with Eddie Johnson unlikely to play soccer again.
Cole will also have offers from Championship clubs in England and so it will be interesting to see where his next step will take him.
Should Carlton Cole make the move to MLS this summer? Which clubs need him?