Atletico Madrid goal-machine will not be moving to Stamford Bridge this summer.
Chelsea’s are set to miss out of top target Radamel Falcao this summer as the Atletico Madrid striker nears a switch to Monaco.
The Daily Mail claims that the newly-promoted club have agreed a £50m deal to sign the Colombian striker, who will be paid an astonishing £8.2m per year after tax.
Respected Italian journalist Gianluca Di Marzio, meanwhile, says the deal is done and awaiting official confirmation.
Monaco’s ambitious owner Dmitry Rybolovlev wants to usurp PSG as Ligue 1 champions next season and guide the club to Champions League glory.
The club were relegated to Ligue 2 in 2011 but have been guided back into the Fench top-flight at the first attempt by ex-Chelsea boss Claudio Ranieri.
Monaco are now tipped to embark on an astonishing spending spree, which will begin with the acquisition of Falcao.
The 27-year-old has scored 28 La Liga goals in just 33 appearances this season and has been linked with the likes of Real Madrid and Manchester United.
But it was Chelsea who were widely tipped to be favourites to land the powerful front-man, with some reports claiming Blues boss-in-waiting Jose Mourinho would make Falcao his first signing when he returns to Stamford Bridge this summer.