Radamel Falcao
Radamel Falcao has only scored one goal for ChelseaGetty Images

Chelsea loanee Radamel Falcao has all but confirmed that the Blues are not going to activate the option to get his services on permanent basis at the end of the campaign. The Colombian striker, nevertheless, has revealed that he is expected to return to Monaco after two disappointed spells at Stamford Bridge and Manchester United.

Falcao moved to Old Trafford on loan in the summer of 2014 with hopes to rediscover the form that during his time at Atletico Madrid made him garner a reputation as one of the best strikers in the world. Yet, he only netted four goals in 29 appearances for Louis van Gaal's side.

Jose Mourinho decided anyway to offer him a second chance to prove his worth in the Premier League by agreeing to his arrival to Chelsea on loan, with BBC reporting they also kept an option to make the deal permanent at the end of the current campaign.

But the 30-year-old has failed to prove he deserves Chelsea to get him on a permanent basis, having scored only one goal for the club in 12 appearances. Falcao has now conceded that the Blues will not activate that option and he will probably return to Monaco at the end of the season.

"Monaco made a big investment in me and they want some return on that. They want me back at the club for next season," the Chelsea loanee admitted to TYC Sports. "I need to have minutes, to play, and we'll see what happens. Monaco want to see what my position is in a year, to see what possibilities I have.

"The project changed, it took a turn in every sense. Today they're more of a selling club than they were three years ago, when they wanted to put a very strong team together. In principle, the idea is that I'll be with Monaco for that season."

Falcao, indeed, revealed that he was already close to move to River Plate in February after Chelsea told him that he was not going to be in the future plans of the club.

"River approached me to know the possibility to return but at that time Monaco, Chelsea and me had in mind to continue in Europe. Then in February, Chelsea told me that I was not going to be taken into account for the future and I tried it [to go back to River] but it was too late," Falcao admitted.