Liverpool and Manchester City are in the hunt for Colombian striker Radamel Falcao, but striker remains Real Madrid bound.

Radamel Falcao has been linked with a move away from AS Monaco for a while now.

Real Madrid were rumored to be signing the player on loan for the next season, but Spanish daily AS then reported that Manchester City took the lead in his hunt.

It reads: Manchester City have emerged as serious rivals to Real Madrid in the race to sign Radamel Falcao. The Colombian, who missed the World Cup due to a knee ligament injury, is hot property, and City are believed to be ready to go all out for a player. The English side, who under UEFA FFP regulations have restricted activity this summer, want to initially loan the striker. They would pay his wages and formalise the deal next summer. 

For Manchester City to sign the player, Stefan Jovetic would have to be sold from the club – a move Pellegrini is not interested in making.

Jovetic has impressed in the pre-season, and has scored five goals. If he is available, Juventus and Fiorentina would make advances for him.

Liverpool were also interested in the player and reports earlier today suggested that the Reds had taken the lead for his signature after Italian football journalist and pundit Mina Rzouki tweeted that Brendan Rodgers side was in the lead at the moment. (Rzouki is a writer, presenter & football pundit for the Mirror, BBC 5live, BBC Sportsworld, BT Sports, CNN, ESPN & Football Espana. She has also featured as a guest author on TheHardTackle)

Liverpool are a side on the rise and did incredibly well last season under Brendan Rodgers, finishing second in the league. They need a striker and Falcao would prove to be a terrific signing, and the fans would also be satisfied that Luis Suarez was getting replaced with someone who was an established name in the game.

Falcao’s previous comments indicate that he would perhaps prefer a move to Real Madrid. And reports from Guardian now state that Monaco have told the Reds that the striker is Madrid bound. Falcao is keen to return to Spain, where he enjoyed a successful two-year spell with Atletico Madrid. He left the Madrid club for a whooping £50m last season but has not fared well with the French club. He suffered a knee injury that destroyed his World Cup hopes in a French cup tie in January.

AS Monaco are obviously not keen to sell their prized asset, especially since James Rodriguez signed for Real Madrid. Monaco manager Leonardo Jardim ruled out the sale of the striker

“Falcao is indispensable to Monaco,” said the Portuguese following his side’s 1-0 Emirates Cup win over Arsenal on Sunday.

“Falcao will remain at Monaco for the 2014/15 season.”