Monaco officially announced the signature on Friday and if rumours placing the transfer fee from Atletico Madrid at €60m are true, Falcao will set a new transfer record for a Ligue 1 club.
After Monaco’s Russian billionaire owner, Dimitri Rybolovlev, described Falcao as one of the “best players in the world” Ranieri spoke of his admiration for his new star: “I am delighted that he has decided to join us,” said the Italian coach who joined the club himself at the start of last season. “We want to build a very good team around him.
“He is a truly great player, he works very hard for the team, but is also a constant threat in front of goal. He really is very impressive.”
Ranieri then added: “When I joined this club, I knew what the sporting project entailed. Now everyone understands why I made my decision.”
Falcao becomes the principality club’s fourth signing after Porto pair James Rodriguez and Joao Moutinho and Real Madrid defender Ricardo Carvalho.