"Introducing Andy Cole here just shows how we want to go forward," Dons manager Ince told the club's official website.
"We want a good strikers coach, it's something a lot of teams do now and Coley has volunteered his services.
"It's great because when you see someone like Andy Cole coming to Milton Keynes and working with the likes of Jermaine Easter, Jemal Johnson and Jason Puncheon - just him being here and passing on his advice can only enhance their confidence.
"It's early doors yet and Coley lives in Manchester, so we'll give it a couple of weeks and see how it goes. We'll see how he enjoys it and take it from there."