Monaco Signs Atletico Madrid Striker Falcao to Five-Year Deal

Newly promoted French soccer club AS Monaco signed Atletico Madrid striker Radamel Falcao to a five-year contract, the team said on its website.

Falcao, 27, has scored 70 goals in two seasons with Atletico, helping the team win the Europa League in 2012 and this season’s Copa del Rey. The Colombian twice was the Europa League’s top scorer, including a record 17 goals in helping Portuguese club Porto to the title in 2011.

“We are absolutely delighted that Radamel Falcao has accepted the challenge of coming to play for AS Monaco FC,” Dmitry Rybolovev, the club’s Russian billionaire owner and president, said on the team’s website. “We are proud to have secured one of the best players in the world and confident that he will help ASMFC regain its rightful status.”

Terms of the agreement between Monaco and Atletico weren’t disclosed. Agence France-Presse said it’s believed to be worth 60 million euros ($78 million). Falcao had been linked with some of Europe’s top clubs, including Chelsea and Manchester City in England.

Monaco earned promotion back to France’s top division by winning Ligue 2 this season. The club has already signed midfielder Joao Moutinho and forward James Rodriguez from Porto for 70 million euros and added defender Ricardo Carvalho on a free transfer from Real Madrid as it prepares for the top flight in French soccer.

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