Atlético Madrid have bought the Colombia striker Radamel Falcao from Porto, in a Portuguese record transfer deal worth €40m (£34.7m). The Portuguese club said in a statement to the Lisbon stock exchange that the price tag could rise to €47m, depending on unspecified factors.
Atlético said on their website that Falcao had agreed a five-year contract and was scheduled to arrive in the Spanish capital for standard medical tests later on Friday.
Falcao was a key player for Porto last season, scoring 34 goals to help them win four trophies, including the Portuguese title and the Europa League. He will fill the role vacated by the Argentina striker Sergio Agüero, who has joined Manchester City in a £38m deal.
The 25-year-old Falcao scored the only goal in the Europa League final in Dublin, against Sporting Braga, to set a record of 17 goals in the second-tier competition. Chelsea were reportedly interested in Falcao. The Premier League club's new manager, André Villas-Boas, was in charge of Porto last season.
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