Monaco have confirmed they have struck a stunning deal to bring Colombian striker Radamel Falcao to the club from Atletico Madrid.
The champions of France's Ligue 2 are planning an assault on Paris St-Germain's top-flight title next season and see Falcao, rated among the most lethal forwards in world football, as having a key role.
There was no mention of the fee involved in Monaco's statement confirming the transfer, but it was certain to be astronomical, reflecting the interest in Falcao from many of Europe's biggest and wealthiest clubs.
Monaco said on their official website: "Monaco are happy to announce we have reached an agreement with Atletico Madrid and the player Radamel Falcao for the transfer to Monaco beginning with the season 2013-14.
"The Colombian international striker has signed for five years."
Monaco said he would be presented to the media when the club's players return for pre-season training.