Chelsea will look to secure a loan deal to bring unsettled Monaco star Radamel Falcao to Stamford Bridge in the upcoming January transfer window.

The Colombian interntional, 27, is hoping to push through a move away from the big spending French club only four months since his £40m arrival from Atletico Madrid.

Real Madrid boss Carlo Ancelotti is also interested in bringing Falcao back to La Liga and according to reports in Spain, the striker has asked to leave Monaco on-loan once the transfer window re-opens.

The former River Plate man is unhappy with his current contract, where he is earning just under €7m-a-year after tax rather than the €14m he originally signed for.

Jose Mourinho watched Falcao in action last month during Colombia's 2-0 friendly win over Belgium and is keen to add to his forward line with Samuel Eto'o, Fernando Torres and Demba Ba failing to find the back of the net on a regular basis.

Chelsea and Madrid remain Falcao's preferred destinations as both clubs are involved in the Champions League, which he is eligible to play in with Monaco not participating in it.

Manchester United also hold an interest in Falcao, however David Moyes has made adding to his midfield his main priority in the winter window leaving Madrid as Chelsea's main competition for his signature.