Manchester United have agreed to a loan deal to sign Radamel Falcao according to reports.

The Colombia striker Radamel Falcao is set to move from Monaco to Old Trafford on a season-long loan.

A fee of €15m is believed to have been agreed between the two clubs and United are said to have beaten off competition from Manchester City and Arsenal for his signature.

Falcao missed the World Cup after suffering a cruciate ligament injury in a French Cup game last January but has since returned to action. He has scored twice in three games so far this term.

Back-up strikers Danny Welbeck and Javier Hernandez have both been linked with moves away from United.