Manchester City Reportedly Agree to £54M Transfer Fee for Radamel Falcao

Manchester City have reportedly smashed the British transfer-fee record by agreeing on a £54 million deal for Atletico Madrid striker Radamel Falcao.

The Daily Mirror was first to break the news:

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Radamel Falcao will become Manchester City's first signing of the Manuel Pellegrini era after the Etihad club agreed a British record transfer fee for the Atletico Madrid striker. City have met the £54 million buy-out clause in the Colombian's Atletico contract to snatch him away from incoming Chelsea boss Jose Mourinho.

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The report goes on to say that Falcao is expected to sign on a deal worth more than £200,000 per week, though no official details are known about the reported deal.

Falcao recently guided Atletico Madrid to a stunning upset over rivals Real Madrid in the 2013 Copa del Rey final and was quoted after the match as saying that his mind was solely on his future at the Spanish club. However, despite more than two years still remaining on his contract, City's triggering of his buyout clause will reportedly see him head across to the Etihad Stadium next season.

The Colombian international has netted 28 league goals in 33 appearances this season and was named in the 2012 FIFA World Team of the Year.

Whilst the news has not yet been confirmed or denied by either club involved in the deal, if true, it would no doubt have a profound impact on the power structure in both England and Europe next season as Manchester City try to make up for a disappointing 2012-13 season in both competitions.

It would also put an increasing spotlight on the futures of both Carlos Tevez and Edin Dzeko, who have both been linked away from Manchester City earlier this week, per Goal.com (via Yahoo! Sports) and the Daily Mail, respectively.

The summer transfer window formally opens on July 1.

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