As the summer transfer session enters its final weekend, numerous reports have pegged Monaco striker Radamel Falcao as the superstar most likely on the move. However there has been no official confirmation that such teams as Real Madrid, Arsenal, Juventus or Liverpool have met Monaco’s demands and secured the 28-year-old Colombian talisman’s signature.

Other than the obvious desire to further strengthen their attacks for domestic titles and Champions League, each club can make a case for acquiring Falcao. Madrid, forever intent on one-upping rival Barcelona, could create a seemingly unstoppable force with Cristiano Ronaldo, James Rodriguez and Toni Kroos already in tow. Madrid already matched the Catalans acquisition of striker Luis Suarez by signing Rodriguez and Kroos, but could claim a summer victory by also adding Falcao.

Italian outlet Calciomercato reported Thursday that Los Blancos have reached a near £16 million loan deal for Falcao just before the Champions League draw in Monte Carlo. However, no official announcement has been made.

Arsenal are in desperate need of a striker following Oliver Giroud’s injury. The Frenchman suffered a broken bone in his ankle, and he won’t return until the new year at the earliest, according to reports. The Gunners are apparently in play for Falcao as well as Manchester United’s Danny Welbeck and Queens Park Rangers forward Loic Remy.

Though Falcao’s reportedly not averse to a switch to Emirates, manager Arsene Wenger would have to shell out as much as £20 million in fees and wages for Falcao, which seems highly unlikely. At this stage, QPR’s £8.5 million fee for Remy appears to be the most advantageous for the Gunners.

Prior to their £16 million signing of striker Mario Balotelli, Liverpool had reportedly targeted Falcao earlier this summer but were rebuffed by his intention to return to Spain with Madrid. But earlier this week Daily Star reported that after manager Brendan Rodgers’s attempts to sign Samuel Eto’o fell through over wage demands, Falcao is once again in the picture.

The same report indicated that Juventus believe the grand total for Falcao would reach £15 million, but that they are willing to exceed that initial estimate in order to extend their string of domestic title victories to four straight.

As of now, Falcao remains with Monaco, but it appears likely he will don a new shirt at some point this term.