The 29-year-old defenseman split the 2017-18 campaign with the Penguins and Columbus Blue Jackets, tallying 20 points (five goals, 15 assists) in 67 combined games.
"He is really good on the PK. He is a strong, heavy defender, can get the puck out of the zone which is how we want to play," Sakic said of Cole. "Right now, we just like our depth with him, [Erik Johnson], [Nikita Zadorov], [Patrik] Nemeth we got some big strong defensemen to go with your [Tyson] Barries, your [Samuel] Girards and soon to be [Conor] Timmins and [Cale] Makar. We feel that we have depth there that we really wanted to have.
"Ian will provide that leadership and can play with any of those guys and play big minutes. He played really well in the playoffs and down the stretch for Columbus. Played really well for Pittsburgh, and he is a guy that we are counting on for that experience and leadership. Having him and (Philipp) Grubauer, both guys who have won Stanley Cups, he is going to bring that experience to our dressing room."
The 6-foot-1, 219-pound blueliner has played in 62 career playoff games, recording 17 points (one goal, 16 assists) in the postseason. He did not miss a postseason outing in Pittsburgh's back-to-back Stanley Cup campaigns, dressing in all 24 contests in 2016 and all 25 in 2017.
With Columbus this past season, the rear guard notched three assists in the six-game series versus the eventual Stanley Cup Champion Washington Capitals.