Falcao, 27, is expected to sign for a French record fee of £51.3m while no fee has been listed for 31-year-old Valdes who has only one year left on his contract at the Camp Nou.
According to AFP, both players will have medicals on Tuesday.
Colombian striker Falcao has long been linked with a move away from Atletico Madrid with Manchester City and Chelsea mooted as possible destinations.
However, it appears that Monaco have jumped to the head of the queue with the newly-promoted team having already recruited the likes of highly-rated Porto pair Joao Moutinho and James Rodriguez for a combined fee of around £60m.
President Dmitry Rybolovlev is highly ambitious, evidenced by his capture of the Porto pair, who are former team-mates of Falcao who has scored 32 goals in 36 appearances this season.
Valdes has asked Barcelona to grant him a free transfer from the club given he has spent the last 10 seasons in the club’s first team squad but club officials are reportedly reluctant to allow this out of the precedent it may set for other players further down the line.
Monaco are at odds with French football authorities over tax exemptions but they have attracted many leading players helped by the fact that, under the principality’s laws, foreigners do not pay tax on their wages.
The French League (LFP) has ruled that the club must move their head office to France by the beginning of June 2014, meaning players would pay tax in France.
[quote=“FingalRaven, post: 778201, member: 80”]3 Irish teams
1 Australian team
1 Italian team
1 German Team
1 Sweedish Team
1 French team
1 Monacon team
1 Basque team
1 Spanish team
A TFK hoody to the first poster that can name then all[/quote]
dublin, parnells gaa club, ballymun kickhams
canbera
napoli
bayer leverkusen
fc norburg
lyon
monaco
real madrid
athletico madrid
[quote=“FingalRaven, post: 778201, member: 80”]3 Irish teams
1 Australian team
1 Italian team
1 German Team
1 Sweedish Team
1 French team
1 Monacon team
1 Basque team
1 Spanish team
A TFK hoody to the first poster that can name then all[/quote]
Celtic, Rovers and Cliftonville
Roma
PSG
Dortmund
Real Madrid
Real Sociedad
Monaco
Malmo
[quote=“FingalRaven, post: 778201, member: 80”]3 Irish teams
1 Australian team
1 Italian team
1 German Team
1 Sweedish Team
1 French team
1 Monacon team
1 Basque team
1 Spanish team
A TFK hoody to the first poster that can name then all[/quote]
Shamrock Rovers, Celtic, FC O’Higgins,
Roar,
Roma,
FC St Pauli,
Helsinborgs,
PSG,
Monaco,
Athletic Bilboa,
Real Madrid
