As outrageous as it may seem, Real Madrid have continued to be in talks with AS Monaco regarding a potential loan deal for Radamel Falcao, according to reports in the Spanish media.

The Copa del Rey and UEFA Champions League winners just completed the signing of James Rodriguez earlier this week and brought in Toni Kroos from Bayern Munich the week before. But it appears that the La Liga giants aren’t done in the transfer market.

The Spanish press are reporting that Madrid manager Carlo Ancelotti now wants another out-and-out striker, since the club’s only current number 9 is Karim Benzema.

The Spanish club’s first choice is Falcao, with their only doubt being the physical condition of the Colombian striker.

Falcao turned down an opportunity to play in this summer’s World Cup in order to focus on completely recovering from his injury and returning to full fitness.

Real Madrid president Florentino Perez and Falcao’s agent Jorge Mendes are closely linked since many past and present Madrid players are Mendes’ clientele. He currently represents Crisitiano Ronaldo, Pepe, Angel Di Maria and Fabio Coentrao.

In 2012, former Real Madrid president Ramon Claderon commented on Mendes saying the agent was “now the club president, without having been elected by the board, [Real Madrid] is in his hands.”

Even though Falcao has only played one season at Monaco since signing from Atletico Madrid last summer, it is reported that the player has told Mendes that he dreams of playing for Real Madrid and he has pushed for a move to the Spanish giants.

According to the media in Spain, Real Madrid’s proposal is for Monaco to loan them Falcao for roughly £10 million (Atletico Madrid sold Falcao for close to £40 million, payable in four installments of £10 million) and Los Blancos would also pay the player’s salary (Falcao earns £11 million annually).

Once the loan period ended, If Madrid wanted to keep the striker, they would have an option to pay £26 million more to the Ligue 1 club in order to complete the transfer.

Real Madrid are trying to complete the deal as soon as possible, so as to avoid the last minute saga they endured last summer with Gareth Bale.

Should Falcao arrive at Santiago Bernabeu, Madrid will have ended their transfer dealings (although, it is also reported that the club are about to announce the signing of goalkeeper Keylor Navas from Levante in the coming days).

Should the deal for Falcao fall apart, Ancelotti has reported targeted Chelsea striker Romelu Lukaku as another striking option.