Chelsea agree to sign Falcao on loan

Chelsea have agreed a season-long loan deal for AS Monaco striker Radamel Falcao, according to Sky Sports.

The Colombian international spent last season on loan at Manchester United, and was largely unsuccessful as he scored just four goals in the entire campaign due to the lack of form and fitness.

Sky Sports now reports that the Blues have agreed to sign the talented marksman on loan for the upcoming campaign, and could make the deal a permanent in the summer of 2016.

It is understood that the Colombian star has agreed to take a pay-cut from his £265,000 per week wages in order to get through with a £7m loan deal.