Europe's elite descend upon the principality to find out their fate on Thursday afternoon, providing the perfect opportunity for progress to be made on Falcao's future. Madrid have long been linked with the player, who appears destined to move. With four days left in the transfer window, Di Marzio believes the time is now:
[On Thursday] the Champions League draw will take place in Monte Carlo and it could be an opportunity for some transfer talk between the clubs. Real Madrid’s Florentino Perez will arrive with agent [Jorge] Mendes, who represents the Colombian. The Spanish club wants to make a serious attempt to acquire Falcao.
Di Marzio suggests Juventus are "also monitoring the situation," and that chief executive Giuseppe Marotta "could make an attempt for Falcao." The Italian side may need to use the funds from a major sale—perhaps from Arturo Vidal's potential move to Manchester United, per Ian Ladyman of the Daily Mail—to compete with Madrid's financial capabilities if a battle for Falcao's signature is to begin.
Ever since Falcao left Atletico Madrid in 2013 he has seemed likely to head back to La Liga. He denied using Monaco as a "stepping stone" between Atletico and Real, two rivals who don't do business together in the transfer market, but it seems the fears of Atletico's fans will come true if he moves to the Bernabeu just one year after landing in Ligue 1.
Real Madrid have invested heavily this year with the signings of Toni Kroos, James Rodriguez and Keylor Navas. However, the European champions received £59.7 million from Manchester United for Angel Di Maria, per BBC Sport, meaning their spending power has galvanised heading into the conclusion of the transfer window.
Falcao's arrival would underline Los Blancos' reputation as the most extravagant team in the world. The Colombian's presence would also compete with Barcelona's signing of Luis Suarez as one of the summer's best acquisitions, plaudits president Florentino Perez certainly doesn't like to miss out on.
There are also practical benefits to bringing Falcao in. Karim Benzema would finally face legitimate competition to remain the club's lone striker, as the recently departed Alvaro Morata rarely threatened to take the Frenchman's spot.
Cristiano Ronaldo, Gareth Bale, James and many of Real's other talents prefer to take up wide positions, meaning Benzema's presence in the middle remains largely untouched. If he picks up an injury, the club doesn't possess an alternative centre-forward of his type and quality.
Falcao is a proven goalscorer in Spain, where he won the Copa del Rey, Europa League and UEFA Super Cup between 2011-13. He played a key role in each of these successes, including an excellent performance against Real in the domestic competition's 2013 final.
Jorge Mendes, Falcao's agent, has been at the centre of many transfers this summer. Football writer Jack Rathborn highlights why the player's representative may wish to push a deal through:
Aside from Juventus, Real may face competition from Arsenal for Falcao, per Hamish Mackay of the Daily Mail. Confirmation that Olivier Giroud faces four months on the sidelines, reported by Sky Sports, has led many to believe that the Gunners could compete for Falcao's signature.
Arsene Wenger denied any immediate plans to sign the player after Arsenal clinched Champions League qualification with a 1-0 aggregate win over Besiktas, per Rob Harris of the Press Association:
Thursday could be a key day in the future of Falcao, who has the ability to score goals wherever he plays. The 28-year-old is one of the best players in the world when fully fit, offering exquisite finishing ability from anywhere in or around the box.
Speculation will inevitability follow the former Porto man until he leaves Monaco, who are still regarded below the elite, despite their mega riches. Real Madrid need another out-and-out centre-forward to keep Benzema on his toes, making Falcao an excellent candidate for Perez to lust after.