The principality outfit, promoted to Ligue 1 this season, are eyeing up stars including Radamel Falcao, Wayne Rooney and apparently Cassano.
Sky Sport Italia report that the player’s agent Beppe Bozzo was in talks with Monaco officials over a move for his client.
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Since Guus Hiddink arrived at the helm, Chelsea have improved considerably after a tricky start to the campaign.
Newcastle United are staring down the barrel of relegation to the Championship for the second time in the past eight years.