Falcao takes huge pay-cut to join Chelsea

Colombian international Radamel Falcao is understood to have agreed a huge wage cut to join Chelsea on loan this summer.

The talented striker sealed his second successive loan move from Monaco this week, as he joined the Premier League holders.

However, the striker was content to have his wages of £285000-a-week cut in half after completing his temporary move to Stamford Bridge.

Falcao was largely disappointing in his loan spell at United last season, scoring just four goals in all competitions.