Prolific Colombian striker Radamel Falcao has finally been announced as an AS Monaco player on Friday, after weeks of speculation the player would be moving to the club.

The 27-year old has penned a five-year contract at the Stade Louis II, and will earn a reported £12.5 million a year without having to pay anything to the government, due to the State’s law of no income tax.

A signing of the calibre of Falcao has sent shock-waves across Europe, with multi-billionniare owner Dmitry Rybolovlev building a side capable of winning Ligue 1 next season, and challenging for the Champions League.

The Colombian International moves for a reported £51 million, and will join Ricardo Carvalho in France who joined on a free transfer from Real Madrid last week, and James Rodriguez and Joao Moutinho who joined from FC Porto a week ago for a combined £60 million.

Falcao announced on his Twitter last night:

“I want to share with you that I will be player of Monaco next season. I’m eager to start this challenge! I count on your support!”

Owner Dmitry Rybolovlev stated on the AS Monaco official website: “We are very happy that Radamel Falcao has chosen the challenge of AS Monaco.”

“It’s something to be proud of for us to be able to count on one of the best players in the world in order to allow Monaco to get back to where we belong.”

Falcao has been in sensational form for Atletico Madrid since joining from FC Porto for a reported £40 million in the summer of 2011. He has helped the club win the Europa League, and has a goal ratio of nearly a goal a game to become one of World Football’s most wanted strikers.