Soccernet understands that no decision will be made on Joe Cole's future until the end of the World Cup finals, despite reports that he has already agreed a move to Arsenal.
Cole will officially become a free agent on July 1 when his contract with Chelsea expires and the playmaker, who has been included in England's World Cup squad, has attracted attention from rival clubs.
Manchester United, Manchester City and Tottenham are all believed to be interested in signing Cole on a free transfer but it is Arsenal who appear to be favourites to recruit the 28-year-old at present.
It was even reported that Cole, who grew up in North London, had agreed a three-year deal with Arsenal and that the transfer would be announced prior to the start of England's World Cup campaign.
But Soccernet understands Cole's main focus at present is the finals in South Africa and that no decision on his club future will be taken until England's campaign has drawn to a close.
If Cole does join Arsenal he will become the fourth player in recent seasons to cross the Arsenal-Chelsea divide. William Gallas and Ashley Cole swapped clubs in 2006 and Arsenal signed Lassana Diarra from Stamford Bridge 12 months later.