Monaco have confirmed they are close to sealing a deal for Atletico Madrid striker Radamel Falcao, but insist there is no clause in the Colombian's contract that will let him join Chelsea or Real Madrid if an offer is made.
The newly promoted Ligue 1 outfit are on the verge of pulling off their third major signing of the summer, having already snapped up Porto pair James Rodriguez and Joao Moutinho.
Falcao has been heavily linked with a move to Chelsea in recent months, but the striker will soon join Monaco in a deal worth a reported £51 million.
While Chelsea appear to have missed out on their man, reports in Spain suggested that the Blues would still be able to land Falcao because a clause written into his new contract that would allow him to talk to them or Real Madrid if an approach was made.
However Monaco sporting director Vadim Vasilyev insists there is no such clause in Falcao's contract.
"A clause to join Real or Chelsea? No, there is no clause," he told L'Equipe.
"Radamel has big faith in our project. It is almost done, there are just a few details left to sort out.
"The transfer fee? It is less than €60million (£51.3m)."
With Chelsea now out of the race to sign Falcao, they have been linked with a move for Napoli's Edinson Cavani.
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