AS Monaco have completed the signing of Atletico Madrid striker Radamel Falcao.

The Colombian hitman, 26, has signed a five-year deal after an agreement was reached with the Atletico Madrid.

The striker follows fellow new signings James Rodriguez and Joao Moutinho who both joined from Porto last week in a £60million deal.

Dmity Rybolovlev, the billionaire owner bankrolling the Ligue 1 outfit, said: "We are absolutely delighted that Radamel Falcao has accepted the challenge of coming to play for AS Monaco FC.

"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."