The former England international has been frozen out by Roma this season, and hasn’t played a single minute of competitive football for the Giallorossi.
According to CNN journalist Kristan Heneage, the defender has agreed a deal to join LA Galaxy in MLS.
Roma reach Szczesny loan deal with Arsenal - reports
The move would see Cole link-up with former England teammate Steven Gerrard, with the 34-year-old set to become the latest European veteran to move to America.
Along with Gerrard, Andrea Pirlo and Frank Lampard are at New York City FC and Didier Drogba spent last season with Montreal Impact.
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Balotelli linked with Besiktas - reports