• Premier League

Falcao ends Chelsea talk by signing new contract

ESPNsoccernet staff
July 14, 2011
Radamel Falcao was the Europa League's top scorer last season © PA Photos

Prolific Porto striker Radamel Falcao has put an end to speculation linking him with a move to Chelsea by signing a new four-year contract with the Portuguese champions.

Falcao scored 38 goals last season as Porto won the treble - adding the Portuguese Cup and Europa League to the domestic league title - and was reportedly a target for new Chelsea boss Andre-Villas Boas, who himself made the switch from the Estadio do Dragao this summer.

A release clause of €30 million had been in place in his old contract, but that figure has been raised to €45 million, or nearly £40 million, in Falcao's new deal.

The Colombian striker, who had also been linked with Atletico Madrid following Sergio Aguero's announcement that he intends to quit the Vicente Calderon, is now contracted to Porto until the end of the 2015 season.

Falcao, 25, scored 17 goals in the Europa League campaign to become the top all-time scorer in a single UEFA club competition, breaking a record previously held by Germany's Juergen Klinsmann.

He joined Porto in 2009 from Argentina's River Plate and is currently on international duty with Colombia, who will face Peru in the Copa America quarter-finals.

© ESPN Sports Media Ltd.