Chelsea's pursuit of Radamel Falcao appears to have been foiled by ambitious Monaco owner Dmitry Rybolovlev.
He has agreed a £50million deal to bring the Colombian Atletico Madrid striker to France, according to the Sunday Times.
The deal will see Falcao, 27, paid an eye-watering £8.2m a year after tax.
Top target: Radamel Falcao (left) seems poised to move to Monaco
Who is Rybolovlev?
A Russian businessman and investor who owns Monaco.
He was ranked 199th in the Forbes billionaires list in 2012.
Rybolovlev took over Monaco in December 2011.
Monaco owner Rybolovlev wants Monaco to usurp Paris Saint-German as Ligue 1 winners and then win the Champions League.
His side were relegated in 2011 and will return to France's top flight next season.
Falcao's contract with Monaco will include an escape clause that allows him to leave after just one year - giving him the chance to join Atletico's rivals Real Madrid.
Destroyer: Chelsea were ripped to shreds by the Colombian in the Super Cup and wanted to buy him
Chelsea were torn apart by Falcao during the Super Cup earlier this season, the forward bagging a hat-trick as the Spanish side ran out 4-1 winners.
Chelsea's own Russian billionaire Roman Abramovich was hoping to bring him to Chelsea but was unwilling to pay the whole of the Colombian's release fee.
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