Manchester United have agreed to a loan deal for Monaco striker Radamel Falcao, subject to a medical and terms.
The Colombia international, who cost Monaco 60 million euros last summer, is set to join Louis van Gaal's squad, sources told ESPN FC.
Falcao had also been a target of Real Madrid and had been linked with Arsenal and Manchester City.
His arrival will be one of two transfers United are expected to complete on deadline day, along with finalising Daley Blind's move from Ajax.
Van Gaal had already brought in Southampton left-back Luke Shaw, Athletic Bilbao midfielder Ander Herrera, Sporting Lisbon defender Marcos Rojo and Real Madrid winger Angel Di Maria.
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European champion Madrid had been the favourite to sign Falcao, whose departure from Monaco seemed to be signaled when he was omitted from their squad to face Lille on Saturday.
The 28-year-old, who missed the World Cup because of a cruciate ligament injury, scored 70 goals in 91 games for Atletico Madrid and 72 goals in 87 matches for Porto before joining Monaco.
Falcao's signing has paved the way for Javier Hernandez to move to Real Madrid, with the Mexican's loan move to the Bernabeu confirmed later on Monday.