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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Liverpool have unveiled their new home kit for next season, sticking with the hugely popular retro styling of the current shirt.
The reputation of the Premier League means it is the most popular and one of the most watched leagues in the world.