Radamel Falcao will become Manchester City’s first signing of the Manuel Pellegrini era after the SkyBlues agreed a British record transfer fee for the Atletico Madrid star, reveals the Daily Mirror.

Manchester City agree record £54m transfer fee for Radamel Falcao

City have met the £54million release clause in the Colombian’s Atletico contract – to snatch him away from Chelsea and Monaco.

The deal is  a major coup for Pellegrini,City new coach. Mourinho and Falcao share an agent, Jorge Mendes, and the Special One was hoping Falcao would join him at Chelsea.