The Blues currently sit at the top of the table after 11 games, three points above Man City and West Ham and four ahead of Liverpool.
And Cole, who won the Prem three times during his seven-year spell at Stamford Bridge, feels his former side are the best equipped to go all the way this season.
He told Coral: "I am throwing it out there now, Chelsea will win the league.
"I watch them every game, a lot of the time live working as a pundit at the games, and they are just so strong.
"They are hardly conceding any goals and the defence is the most important part of the team for winning a title, they have the strongest defence by miles."
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