Radamel Falcao has reportedly put pen to paper on a £130,000-per-week contract ahead of his move to Chelsea.
The 29-year-old striker looks poised to be given a second chance to prove himself in the Premier League by Jose Mourinho.
Falcao spent last season on loan at Manchester United, but only scored four goals in 29 games in all competitions.
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The Red Devils passed up the opportunity to sign him on a permanent basis, but the champions have swooped for his signature.
It was confirmed earlier this month that the Blues had agreed a £4m loan deal with AS Monaco for the South American.
And now the Daily Star cites reports in Falcao’s native Colombia as claiming that he has signed a lucrative contract to bring the move closer.
Chelsea are in the market for attacking reinforcements after club legend Didier Drogba left on a free transfer.