Chelsea Signs Radamel Falcao On Loan From Monaco

Chelsea have agreed a financial package in principle with Monaco to secure Radamel Falcao on a season-long loan.

Falcao, currently at the Copa América with Colombia, will make a swift return to English football following his disappointing loan spell at Manchester United last season after a fortnight of talks between his agent Jorge Mendes and the Chelsea hierarchy. The 29-year-old striker managed just four goals in 29 appearances for Louis van Gaal’s side and a solitary shot on target in his final 12 Premier League games. United duly passed up the chance to make the deal permanent for £43.2m.

Chelsea would have a similar option next summer, albeit for nearer £35m, having agreed to pay a loan fee in the region of £4m for the forward. Falcao earns £265,000 a week under the terms of his contract at Stade Louis II, a figure United covered last term, though it is understood he will waive a proportion of that salary to move to the Premier League champions. Chelsea’s highest earner at present is Eden Hazard on around £200,000 a week and the new arrival is unlikely to match that salary.