Radamel Falcao
AS Monaco are demanding three youngsters as part of the deal to take striker Radamel Falcao to Stamford Bridge on a season-long loan Getty

Chelsea will reportedly complete the season-long loan signing of AS Monaco forward Radamel Falcao this week, but will have to let three youngsters move the other way in order to close the deal, according to the Mirror.

The Colombian international striker is keen to remain in the Premier League despite a failed loan spell at Manchester United last season, and the Blues boss Jose Mourinho has vowed to help the striker find his old form.

"If I can help Falcao reach his level again, I will do it. It hurts me that people in England think that the real Falcao is the one we saw at Manchester United," Mourinho said earlier this month, as quoted by the Mirror.

The report claimed that an agreement with the Principality club and the player has already been reached with just the final formalities set to be completed between the two parties.

It is believed that the deal will be completed sooner rather than later, as the forward will return after serving Columbia, who were knocked out by Argentina in the quarter-finals of the ongoing Copa America tournament in Chile.

However, for the deal to be rubber stamped Chelsea will have to sanction moves for three of the club's youth team stars to move across the channel, to avoid paying a loan fee to the French club. Isiah Brown, Nathan Ake and Andreas Christensen will make the move to the Ligue 1 club.

Monaco were reportedly keen on Ruben Loftus-Cheek, but after Mourinho promoted him to the first-team last season, it is unlikely he will be allowed to leave this summer.

The Portuguese manager is also believed to be keen to pair Falcao with Chelsea's top marksman Diego Costa, as the duo have already played together in the past during their time at Atletico Madrid.