AS Monaco striker Radamel Falcao has completed all the formalities for a move to Premier League champions Chelsea and will join the pre-season tour with the Blues, according to The Guardian.

Falcao’s uncle and father both confirmed on Tuesday night that a deal had been signed with the London club, believed to be a one-year loan from his French club, Monaco, with an option to make the move permanent next summer.

This ensures the 29-year-old will remain in the Premier League next term following last season’s similar spell at Manchester United.

Chelsea are yet to officially announce the signing but had held almost three weeks of talks with Falcao’s representative, Jorge Mendes, and Monaco in an attempt to reach a compromise over the player’s £265,000-a-week pay package and loan fee.

Agreement was eventually reached late last month, with the champions expected to pay the striker nearer £180,000 a week with a loan fee negotiated at around £4m for his services.

Jose Morinho, the Blues boss is also a client of Jorge Mendes and has vowed to bring the lethal striker back to his best after the striker’s continuous bad form since the serious knee ligament injury suffered in January 2014, which ruled him out of last summer’s World Cup.

The Colombian poacher scored only four goals in Premier League last season with the Red Devils and Manchester United opted for not buying him permanently.

The player’s father, Radamel García, who was himself a professional footballer, confirmed a deal had been completed in an interview with Caracol TV on Tuesday.

He suggested Falcao would report to Chelsea’s pre-season base in Montreal, Canada on 19 or 20 July having been granted extra time off after the Copa América.

Falcao’s uncle, Herbert King, who is currently with the striker on holiday in Colombia, also confirmed to The Guardian that a contract had been signed.

Once one of the most feared strikers in the world, Falcao has endured a wretched time since rupturing his cruciate ligament in a French Cup tie 19 months ago.

His spell at United ended with a solitary shot on target in his final 12 Premier League appearances, and an appearance for the club’s development side against Tottenham Hotspur as Van Gaal desperately sought to repair the player’s shattered confidence.

Falcao was named the Captain of Colombia at Copa America by head coach Jose Pekerman to rebuild his confidence but he failed to deliver at the big stage also.

During his Copa America campaign, he just had only one shot on target.

Falcao will spend the next few days with his family in Colombia before joining Chelsea on their pre-season tour of North America, where they will play Barcelona, Paris Saint-Germain and New York Red Bulls in the International Champions Cup later this month.