Rayo was looking for a centre-forward who could guarantee goals, and Falcao has been identified as that player.
He has signed a contract for two years in order to fulfil his desire to play for Colombia in the 2022 World Cup in Qatar, and he will certainly get regular football in Spain.
Falcao scored 70 goals in two seasons at Atleti and he arrives on a free transfer after he and Galatasaray agreed to terminate his contract.
He rejected several offers from Italian clubs, but will not arrive in Madrid until after the international break as he is currently in La Paz with the national team.
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