Chelsea reportedly almost completed the sensational capture of Radamel Falcao in the summer transfer window of 2012, in a deal that would have seen Fernando Torres move to Atletico Madrid.

Falcao had been linked with a switch to Stamford Bridge for around 18 months prior to his move to Monaco, and it is now being suggested that the Colombia international was on the verge of joining the west London club.

According to French newspaper Le10sport, the Blues had an offer of €40 million plus Torres accepted by Atletico, only for owner Roman Abramovich to pull the plug before the transfer could be completed.

It is claimed that Abramovich had something of a change of heart at the last minute, deciding to keep faith in his record signing rather than allow Torres to be replaced by Falcao.

A year later and Chelsea appeared to have missed their chance with regards to Falcao, as the 27-year-old secured a transfer to Monaco, with the newly-promoted Ligue 1 club paying €60 million to clinch his signature.

However, it is further reported that Chelsea could sign the player only 12 months after his move to the Stade Louis II, as Monaco owner Dmitry Rybolovlev looks to fall in line with UEFA's Financial Fair Play regulations.

Le10sport report that Rybolovlev would consider a bid of €60-80 million from Chelsea for Falcao in order to balance the club's books, which remain in the red following a summer of significant transfer activity.

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