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Radamel Falcao completes £51m transfer to Monaco

Striker joins from Atletico Madrid on five-year deal

Monaco tonight confirmed they have struck a stunning deal to bring Colombian striker Radamel Falcao to the club from Atletico Madrid.

The champions of France's Ligue 2 are planning an assault on Paris St Germain's top-flight title next season and see Falcao, rated among the most lethal forwards in world football, as having a key role.

There was no mention of the fee involved in Monaco's statement confirming the transfer, but it was certain to be astronomical with some putting it at £51m, reflecting the interest in Falcao from many of Europe's biggest and wealthiest clubs.

Monaco said on their official website: "Monaco are happy to announce we have reached an agreement with Atletico Madrid and the player Radamel Falcao for the transfer to Monaco beginning with the season 2013-14.

"The Colombian international striker has signed for five years."

Monaco said he would be presented to the media when the club's players return for pre-season training.