Friday, 19th August, 2011

Atletico Madrid have agreed a deal with Portuguese giants FC Porto to sign striker Radamel Falcao.

The Madrid-based side were keen on the Colombian to replace Sergio Aguero, who was sold to Manchester City earlier this month.

Atletico officials have been working away behind the scenes, desperate to close a deal quickly and mindful of interest from English duo Chelsea and Tottenham Hotspur – and they have succeeded.

The Spaniards will pay €40M for the 25-year-old, which could rise to €45M depending on the player’s performance and Atletico’s during Falcao’s time at the Vicente Calderon.

Atletico have also agreed to pay an extra €5M for midfielder Ruben Micael, though he has been loaned to fellow La Liga side Real Zaragoza.

Snapping up Falcao is a coup for Atletico. The Colombia international scored 38 goals last season to help Porto to claim a Portuguese league, cup and Europa League treble.

The striker cost Porto just €6M from Argentine club River Plate, making the move to Portugal in 2009.

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