Radamel Falcao
Radamel Falcao has netted just four goals for Manchester UnitedGetty Images

Chelsea have been alerted in signing AS Monaco striker Radamel Falcao in the summer transfer window, according to the Telegraph.

The 29-year-old was on a season-long loan at Manchester United, where he managed to score four goals. After a disappointing campaign, Louis van Gaal refused to sign him on a permanent deal, which saw him return to the Ligue 1 side.

Falcao is believed to be keen on staying in the Premier League and has set his sights on moving to London. Arsenal were interested in signing him last summer, but they failed to challenge United for his signature.

It is unlikely that Arsene Wenger's side could make an approach for the former Atletico Madrid star, which leaves him with Chelsea as the only option. The Blues have already lost Didier Drogba, after he confirmed he will leave Stamford Bridge in search of more playing time.

Jose Mourinho is left with Diego Costa and Loic Remy as the only other two first choice strikers in the squad. The Portuguese tactician will be looking to sign a striker as he looks to have more options in his attacking division.

Falcao was on a £265,000-a-week deal at Old Trafford. The Colombian international is willing to take a huge pay cut in order to secure a move to Chelsea, which will then allow him to continue in England.

The South American star and Mourinho share the same agent, Jorge Mendes. This could help Falcao in sealing a move to Chelsea as the Premier League champions are in search of a new striker.

The west London club are also interested in Atletico star Antoine Griezmann, who is also represented by Mendes. It is believed the agent will broker a deal for Falcao as well, when he holds talks with Chelsea regarding Griezmann.

The same report also claims the Blues are interested in signing Inter Milan star Mauro Icardi, who recently signed a new contract. Chelsea could still test the Italian club's resolve by making a bid. A move for Icardi will end Falcao's hope of staying in the Premier League.