Radamel Falcao has agreed to take a 50 per cent wage cut for the chance to prove he is not a Premier League flop.

The Colombian’s season-long loan move to Chelsea was ratified on Friday, giving the striker an opportunity to become a hit in England following his failed spell at Manchester United last season.

The 29-year-old forward, who is contracted to Monaco, earned £285,000 a week at Old Trafford but will drop to about £140,000 at Stamford Bridge.