Manchester United have announced the signing of AS Monaco striker Radamel Falcao on a season-long loan with an option to make it permanent the following summer.

"Manchester United is delighted to announce that Radamel Falcao has joined the club on a one-year loan deal from AS Monaco, with an option to buy at the end of the loan period," a statement on the official website read.

The Colombian international was the hottest name on transfer deadline day and was linked to a whole host of clubs, including Arsenal, Manchester City and Real Madrid.

However, in the end it was the Red Devils, who managed to convince him to choose Old Trafford ahead of the other interested clubs.

Falcao, who was unveiled as a United player post the deadline, was delighted to have signed for the Manchester club, which he described as the 'biggest club in the world'.

"I am delighted to be joining Manchester United on loan this season. Manchester United is the biggest club in the world and is clearly determined to get back to the top," Falcao told United's official site.

"I am looking forward to working with Louis van Gaal and contributing to the team's success at this very exciting period in the club's history," the Colombian international added.

Louis van Gaal, who had made defence a priority area to strengthen during the summer transfer window, is delighted with the capture of the AS Monaco striker and feels signing Falcao was too good an opportunity to give away.

"I am delighted Radamel has joined us on loan this season. He is one of the most prolific goalscorers in the game. His appearance-to-goal ratio speaks for itself and, when a player of this calibre becomes available, it is an opportunity not to be missed," Van Gaal said.

The Telegraph reports that the Colombian forward is set to become the highest paid player at the club and will earn around £265,000-a-week.