Reports: Manchester United nearing cut-price loan for Falcao

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According to reports across the board this morning, Manchester United are going to snatch a Deadline Day steal.

Our first major news of the big day says Ed Woodward and Louis van Gaal are close to securing Monaco world class striker Radamel Falcao on a season-long loan in a deal that reportedly will cost the team just $9 million.

Personal terms are yet to be agreed to, according to the reports, suggesting that $9 million is a fee and that United will likely be covering all of Falcao’s wages as well. It’s yet unclear if the move includes an option to buy at the end of the loan.

The deal is also hinging on a medical being completed, not necessarily a given when you think back to Falcao’s torn ACL that caused him to miss the World Cup despite a speedy recovery.

Manchester United’s needs are mostly defensively at this point, with van Gaal’s preferred 3-at-the-back formation falling on hard times at Old Trafford due to a lack of personnel able to grasp the system.  However, given an opportunity to secure such a high-quality striker at such a low cost, it’s almost a no-brainer for the club.

The move would also allow Falcao to partner with Robin van Persie, moving Wayne Rooney back into an attacking midfield, Number 10 role which he excels at.

The deal is most shocking from Monaco’s point of view, who played hard-to-get with Falcao all summer and now look to be getting hardly anything from the deal.  It also makes one wonder why, with such a need for striker, teams like Arsenal and Juventus didn’t snatch at the opportunity as well.

Don’t forget to tune in to the “Transfer Deadline Day Show” on NBCSN (Monday, 6-8 p.m. ET).