OFFICIAL: Falcao joins AS Monaco

AS Monaco have confirmed the signing of Atletico Madrid forward Radamel Falcao.



The Colombian passed a medical at the newly-promoted Ligue 1 club on Thursday after the French club met his release clause of €60m.



The move is a huge coup for Monaco, who have vast financial backing despite their lowly status, having only just been promoted to Ligue 1 this season. The move comes after the club also completed the signings of Falcao's international teammate James Rodriguez and Joao Moutinho, both from Porto.



Spending is expected to continue for the club, who are also rumoured to be close to completing a move for Barcelona goalkeeper Victor Valdes as they attempt to put together a squad capable of qualifying for the Champions League and challenging the likes of Paris Saint-Germain in France.



Atleti will now face the daunting prospect of replacing the Colombian, who was key to an excellent La Liga campaign for the club this season, as he scored 28 goals in just 34 games.