Atletico Madrid's Radamel Falcao Reportedly Agrees to €60M Monaco Move

Adam Hirshfield@ahirshfieldFeatured ColumnistMay 9, 2013

Huge news from Ligue 1. La Sexta—a seemingly reliable Spanish television station—reported Thursday night that Radamel Falcao, the highly sought-after striker from Atletico Madrid, has agreed to terms on a €60 million move to Monaco (per 101 Great Goals).

This, after months of rumours suggesting that the 27-year-old Colombian was being courted by English sides Manchester United and Chelsea, among others.

We'll continue to monitor the wires, but this would be huge news if it is to be believed.

Falcao has scored 27 goals in 32 La Liga matches this season for Atleti and a total of 53 since arriving from Porto in the summer of 2011.

But the expectation for months has been that Falcao would be moving to a larger European side. 

As much as Monaco seems like an odd destination, there are several reasons it would make sense.

First, though "Les Rouge et Blanc" have struggled in recent years, falling into Ligue 2 in 2011, they have earned promotion back into Ligue 1 for next season. 

Second, they have a very wealthy owner in Russian Dmitry Rybolovlev, who will likely spare no expense in bringing the club back to credibility. 

Finally, La Sexta suggests that Falcao's contract at Monaco would pay him €10 million a season. And with Monaco's tax rate, that's a whole lot of euros remaining in his pockets.

More information as it comes in.