Radamel Falcao celebrates after Atletico Madrid defeated Barcelona to win the Copa del Rey.

PARIS (AP) -- Monaco's sporting director says the club is close to agreeing a deal to sign Atletico Madrid striker Radamel Falcao.

Speaking on RMC radio on Thursday, Vadim Vasilyev says "things are progressing well, but it's not finalized yet, there are still some details to sort out.'' He adds "we will be very happy when he signs. He really believes in the future of Monaco.''

Monaco, which is owned by Russian billionaire Dmitry Rybolovlev, was promoted to the topflight in France after winning the second division this season and has embarked on a spending spree.

Last week, it signed Portugal midfielder Joao Moutinho and Colombia international James Rodriguez from FC Porto for a combined ?70 million ($91.2 million).

Portuguese defender Ricardo Carvalho has also joined from Real Madrid on a free transfer.

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