Radamel Falcao signs new contract at Monaco tying him to club until 2020 after rejecting move to Chinese Super League
The Colombian striker has turned his back on the untold riches of the Far East to stay with the French champions
RADAMEL FALCAO has agreed a new contract at Monaco after rejecting a move to the Chinese Super League.
The former Manchester United and Chelsea striker has agreed a new deal until 2020 with the French champions.
The 31-year-old club skipper - who scored 30 goals this season with six decisive passes in all competitions - said he was "happy to continue the adventure with Monaco".
"After this incredible season during which I experienced every emotion, I wanted to continue this beautiful story."
According to reports, Falcao, under contract until 2018 with an annual salary of £12million, accepted a considerable salary reduction to stay with the Principality outfit.
"I'm very happy with this extension for Falcao," said club vice-president Vadim Vasilyev.
"It's satisfying to keep him as a goal scorer and leader of our team. After this exceptional season, it once again demonstrates all our ambition for the future."
The Colombian hotshot has returned to his best form this campaign to help fire his side to the French Ligue 1 title.
After enduring two fruitless seasons on-loan at Premier League giants Manchester United and Chelsea, he struck 30 goals in just 43 appearances.
That has led to a number of clubs in the Chinese Super League eyeing a mega-money move for the Colombian striker.
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Speaking in the days before signing his new contract, he told Canal: “I’m really content here and I have another year left on my contract.
“It depends on the board, but for my part, I want to stay in Monaco.”