Radamel Falcao
Liverpool have reportedly inquired about taking Radamel Falcao to AnfieldGetty

Liverpool have been handed a huge boost in their quest to sign Radamel Falcao after Real Madrid manager Carlo Ancelotti claimed they were not in the race for the Colombian star.

Having already signed James Rodriguez, Toni Kroos and goalkeeper Keylor Navas, the Champions League winners were said to be close to completing their summer overhaul with the Monaco striker as a replacement for youngster Alvaro Morata, who has joined Juventus.

The Guardian reported earlier this month Liverpool were indeed informed by the Ligue 1 giants that Falcao would move to the Santiago Bernabeu in the summer after the Merseyside side inquired about his situation after Brendan Rodgers' attempt to find a replacement for Luis Suarez.

However, the Real Madrid manager has claimed the club is not interested in signing the Colombian international striker as they are not expecting to make further signings this summer.

"It's done. We're not looking to make any more signings. The market is closed for us and we will not reopen again," he was quoted by Marca during a press conference.

Nevertheless, Falcao is said to be desperately trying to leave Monaco before the end of the transfer window after he joined them just last year from Atletico Madrid for around £50m.

Rodgers however, has admitted he was still on the lookout for a striker to partner Daniel Sturridge up front.

"We hope to add one or two more in areas we need to and if we do that then we will have had a great window."

"We'll look to improve that top-end of the field, but if the right player doesn't come along, we'll play with what we've got," he said during a press conference.

Recent reports have also claimed Manchester City are monitoring the situation. The Premier League champions were said to be interested in a loan deal with an option for a permanent transfer next summer due to Uefa's Financial Fair Play regulations.

Meanwhile reports in Italy now claim the Premier League giants will have to battle with Juventus for his services as the Serie A side have earmarked him as their top summer target and are even ready to part with Fernando Llorente to fund the move.