OFFICIAL: Radamel Falcao completes loan move to Manchester United in transfer worth up to £20 million for 1 season..

Colombian to earn club record £265,000 a week after Louis van Gaal approves move as City and Arsenal drop out Manchester United will pay £20 million for the services of Radamel Falcao for just one year after Manchester City and Arsenal rejected the opportunity to pursue a deal for the AS Monaco forward.

Falcao landed in Manchester on Monday night ahead of a medical at United’s Aon Training Centre after the club’s executive vice-chairman, Ed Woodward, negotiated a season-long loan with a view to a £35  million permanent move for the Colombia international.

With City and Arsenal both told by Monaco and Falcao’s representatives that a deal for the 28-year- old would involve a £10 million loan fee, plus the player’s £18 million annual salary – £346,000-a-week – efforts to take the former Atlético Madrid player to the Emirates or Etihad failed to progress over the weekend. And with Real Madrid also pulling out of the race to sign Falcao, United accelerated their interest in the
striker on Saturday evening after agreeing to pay a reduced £6 million loan fee and the player’s wages, with sizeable a reduction on the tax-free salary paid by Monaco.

Although senior figures at United last night insisted they would not be paying Falcao’s Monaco salary in full, it is understood that he will exceed club captain Wayne Rooney as Old Trafford’s top earner with a wage in the region of £265,000 a week.

With United also concluding the £13.8 million signing of the Ajax midfielder Daley Blind on Monday, the capture of Falcao took the club’s summer outlay on transfer fees to £152.3 million on six players, including the £59.7  million British record signing of Ángel di María from Real Madrid. In an effort to trim Louis van Gaal’s squad on the final
day of the transfer window, following the earlier departures of 10 of last season’s first-team squad playing staff, the Mexican forward Javier Hernández completed a season-long loan move to Real Madrid. Arsenal have agreed a deal to sign England international Danny Welbeck..