Chelsea buys Falcao

Radamel Falcao has completed the formalities of his move to Chelsea and will link up with his new club on their pre-season tour of North America, according to the Colombian striker’s family.

Chelsea are yet to officially announce the signing but had held almost three weeks of talks with Falcao’s representative, Jorge Mendes, and Monaco in an attempt to reach a compromise over the player’s £265,000-a-week pay package and loan fee. Agreement was eventually reached late last month, with the champions expected to pay the striker nearer £180,000 a week with a loan fee negotiated at around £4m for his services.

The player’s father, Radamel García, who was himself a professional footballer, confirmed a deal had been completed in an interview with Caracol TV on Tuesday. He suggested Falcao would report to Chelsea’s pre-season base in Montreal, Canada on 19 or 20 July having been granted extra time off after the Copa América.