Radamel Falcao wants to be Premier League’s highest paid player

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Chelsea and Manchester City will have to make Radamel Falcao the highest paid player in the Premier League if they want to sign him this summer.

According to a report, the Atletico Madrid star’s representatives have told Stamford Bridge and Etihad Stadium officials they want at least £250,000-a-week.

It claims that agent Jorge Mendes has held talks with both Chelsea and Manchester City, as well as Paris St Germain, and now believes he can get his free-scoring client a huge contract with his next move.

The Premier League clubs’ respective owners, Roman Abramovich and Sheikh Mansour, will also have competition from Real Madrid but Atletico are unwilling to sell to their local rivals.

The report also claims Chelsea wanted to activate Falcao’s €60million release clause in the January transfer window but the Colombia international decided he wanted to stay until the summer.

The Blues were confident of completing the deal once the season comes to an end but the report suggests Falcao’s agent is confident interest from Manchester City and other big-spending clubs can drive the price.

City manager Robert Mancini saw Mario Balotelli sold to AC Milan in January without a replacement brought in, so he will be keen to fill the space in his attacking line up.

Meanwhile, Chelsea striker Fernando Torres has continued to struggle with form this season and it is no surprise the Blues may be looking for a top class centre-forward to fill the void.

Falcao has been prolific since moving to Atletico from Porto in 2011, scoring 63 goals in only 80 appearances.

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