Chelsea and Manchester United are on alert after reports claimed Monaco are shopping around £50m striker Radamel Falcao.
According to Spanish newspaper Marca, Monaco offered Falcao to Real Madrid – just months after signing the Colombian international in a big-money deal amid interest from a host of Premier League clubs, including Chelsea and United.
But Real Madrid have turned down the chance to sign the goal machine, opening the door for Jose Mourinho and David Moyes.
Reports have suggested changes to French tax laws have upset Falcao – with his £12m-per-year salary potentially cut by 50 per cent under the proposed changes put forth by French president Francois Hollande.
The Spanish report claims Falcao feels duped by Monaco, led by superrich Russian owner Dmitry Rybolovlev. Following the capture of Falcao and former Porto teammates Joao Moutinho and James Rodriguez, Rybolovlev turned off the spending spigot and instead focused on cheaper deals.
Ricardo Carvalho and Eric Abidal were brought in on free transfers, while Fabinho and Sampdoria stopper Romero arrived on loan.
The concerns allegedly held by Falcao stem from planned changes to the French tax code as it relates to the principality of Monaco. At present, foreign players in the principality are eligible for special tax-free exemptions.
But Ligue 1 is keen to end the unique advantage enjoyed by Monaco over the remaining 19 clubs by forcing the south coast team to pay the top tax rate in France.
That would have severe repercussions for Falcao, who signed a deal reportedly worth up to £3.5m more than his next best offer when leaving Atletico Madrid earlier this summer. Combined with the fact that Monaco would struggle to attract similar top talent if the tax loophole closes, and the report claims Falcao wants out.
Real Madrid are thought to have been offered the striker first, but Florentino Perez has turned down the approach. The Bernabeu chief is instead focused on the recruitment of Tottenham sensation Gareth Bale.
That leaves Chelsea and even potentially Manchester United. The report states that Chelsea may look to Falcao if they are rebuffed again in their pursuit of United forward Wayne Rooney.
The Colombian international was linked with Madrid when now Chelsea boss Jose Mourinho was in charge in the Spanish capital, and he could be a solid alternative as the Stamford Bridge side look to sign a world class forward to play in front of Eden Hazard, Juan Mata and Oscar.
United also may rekindle their interest in Falcao if Rooney does ultimately depart before the September 2nd deadline.
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