Radamel Falcao
United will have to pay a loan fee of 20 million poundsReuters

Manchester United have reportedly won the race to sign Ramadel Falcao from Monaco and the Colombian striker will join Old Trafford on a season-long loan for £20 million.

Arsenal, Real Madrid and Manchester City were all believed to be interested in securing the of the 28-year-old striker, but the former Atletico Madrid man, who joined Monaco for 60 million (£47.4m) last summer, is set to join the Red Devils, according to ESPN.

With Dutch striker Robin van Persie, who set to undergo a knee operation, facing some lengthy time in the sidelines, Louis van Gaal has been looking for a new striker to fill in during his absence.

And now United are now on the verge of landing Falcao, with the deal only being subject to a medical and the striker agreeing on personal terms.

United, who are currently struggling to cope with van Gaal's new 3-5-2 system, will certainly be boosted by Falcao's addition as the Colombian is known to be a goal machine.

Speculations about his future had increased after he was left out of the squad during Monaco's Ligue 1 clash against Lille.

However, he was expected to join Real Madrid after he posted a tweet saying, "Dream come true #halamadrid".

But he later again posted saying that his earlier tweet was a fake.

"I have to refute a story about a tweet I have not done and that is a photo montage," he wrote on Twitter.

With the Colombian set to join the Red Devils on a season-long loan deal it looks like Real Madrid will now be going for United's Javier Hernandez (also on a season long loan).

Meanwhile, Daley Blind is also set to join the Red Devils after United and Ajax agreed on a £13.8 million transfer fee.

The Dutchman, who was impressive under Louis van Gaal as the Netherlands finished third in the 2014 World Cup, has been heavily linked with a move to Old Trafford this summer.

And now United have confirmed the signing. 

"Manchester United is delighted to announce it has reached agreement with Ajax to sign Daley Blind, subject to a medical and personal terms," read a statement in the club's official website.