Atlético and Monaco reach a deal for Falcao: 45 million euros

Atlético Madrid and Monaco have reached a deal for the transfer of the Colombian Radamel Falcao to the club from the Principality. Monaco, owned by businessman Dmitry Rybolovlev, will pay 45 million euros for the player, who is signing for four seasons and will earn 14 million euros a year, tax free, AS reports.

The striker passed his medical on Tuesday and then, together with his agent Mendes, met Rybolovlev. In principle the meeting was only to thrash out the terms of a possible contract, and once this was done speak to Atlético about the transfer. Things moved faster than expected however and the two clubs reached an agreement by phone on the transfer price.