L’Equipe report that the club will choose that day to make the signing official after weeks of speculation.
Falcao will be the biggest signing of the summer for Monaco, who are spending big after winning promotion to the French top flight.
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Summer 2016 is set to be a very exciting time for football fans, as this is when the long awaited Euro 2016 tournament kicks off.
Since Guus Hiddink arrived at the helm, Chelsea have improved considerably after a tricky start to the campaign.