London: Monaco striker Radamel Falcao will join Manchester United on a season long loan, it was revealed on Monday.
The 28-year-old has scored 11 goals in 20 appearances for Monaco after joining from Atletico Madrid for a fee of around 50 million euros ($65.70 million) last year.
Colombia international Falcao, who missed the World Cup after suffering a serious knee injury, had been linked with several top European clubs including Real Madrid.
Falcao will compete with regular striker Wayne Rooney and Robin van Persie for a place in Louis van Gaal’s new-look United side.
The deadline-day move is subject to Falcao passing a medical and agreeing personal terms.
It is understood that the cost of loaning Monaco for a season is about £11 million with the option of a permanent transfer in the summer.
Falcao, 28, is believed to earn an annual salary worth £18 million (about £345,000 a week) which, if matched, would see him eclipse Wayne Rooney as the club’s highest earner, although it is unclear at this stage if the player would be willing to accept a drop in wages.
He will become United’s sixth significant signing of the summer after Angel Di Maria, Ander Herrera, Luke Shaw, Marcos Rojo and Daley Blind.
Meanwhile, Real Madrid have moved to broaden their options in attack by agreeing to sign Mexico striker Javier Hernandez on loan from Manchester United for the 2014-15 season.
“Real Madrid and Manchester United have reached an agreement for the loan of the player Javier Hernandez, who will be tied to the club for the current season,” Real said in a statement on their website on Monday.
Real have an option to buy the 26-year-old, who is valued at 14 million euros on website transfermarkt.com. United also confirmed the move on their Twitter account.
Known as “Chicharito”, or“little pea”, Hernandez will provide backup for Real’s first-choice striker Karim Benzema, a France international, and will be expected to make an impact from the bench.