Real Madrid Transfer News: Radamel Falcao Deal to Be Funded by Angel Di Maria

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Real Madrid will look to use Angel Di Maria's sale to Manchester United as funding to sew up a deal for Monaco striker Radamel Falcao.

French outlet Le 10 Sport (h/t 101GreatGoals) reports that the European champions will devote €60 million in order to land the Colombian international, long known to have been a target for Los Merengues.

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Di Maria was confirmed as a £59.7 million (€75 million) capture for the Red Devils on Wednesday, per BBC Sport, and Carlo Ancelotti's side appear keen to swiftly turn their surplus into a big acquisition of their own.

ESPN FC's Ian Holyman claims Falcao's agent and representative of numerous Real Madrid figures, Jorge Mendes, will meet with Monaco on Wednesday in order to sanction an agreement:

These claims are backed up by Gianluca Di Marzio, who adds that the Bernabeu is Falcao's destination of choice.

He wrote that with Di Maria's sale now official, finances won't be an issue for Real, but Monaco will be desperate to hang on to their striker sensation, especially this late in the transfer window.

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A move would see Falcao link back up with countryman James Rodriguez in the Spanish capital, the Colombian duo having played together both at Porto and on the French Riviera.

There could be a spanner in the works, however, with Arsenal said to be interested in a season-long loan for the player, according to Metro:

Karim Benzema recently penned a five-year extension at the Bernabeu, but Falcao holds a reputation as not only one of Europe's deadliest scorers but one of its most consistent.

Last term, the 28-year-old scored nine goals in 17 league appearances before seeing his campaign ended by an anterior cruciate ligament injury last winter.

That obstacle prevented "El Tigre" from featuring at the 2014 World Cup, but it seems his recovery has gone well after scoring two goals in his first three Ligue 1 games this season.

Rodriguez will be seen as the player most likely to compensate for Di Maria's absence in Ancelotti's starting XI, and there is arguably a need for options up front following Alvaro Morata's sale to Juventus earlier this summer.

Should Falcao's transfer come to fruition, it would take Real's summer spending past the £100 million mark.

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Ancelotti is hoping his side will be able to defend their Champions League title, and the move would also sit as a sly nod toward Atletico, Falcao's former club and the reigning La Liga champions.

It would be considered bittersweet if Falcao's return to Madrid resulted in Los Blancos reclaiming the domestic title, although Diego Simeone's outfit will hope Mario Mandzukic can give them the offensive threat needed to defend their crown.