Cole had a loan spell at Northampton earlier this season
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Stevenage have agreed an undisclosed five-figure fee with Southend for Shrimpers winger Mitchell Cole.
Cole, 21, who played under Borough boss Mark Stimson at Grays, has made five appearances for Southend this season and had a loan spell at Northampton.
He is expected to tie up his move to Broadhall Way in time for Saturday's game with Gravesend & Northfleet.
Meanwhile, Borough have loaned striker Chris Sullivan to Conference South side Braintree Town, reports BBC Essex.