The striker has spent the season on loan at Old Trafford but failed to impress and scored just four goals in 26 Premier League appearances.
Manchester United have confirmed they will not be signing Radamel Falcao on a permanent deal from Monaco.
The 29-year-old, who moved to Old Trafford on the final day of the summer transfer window for a £6 million fee, has scored just four goals in 26 Premier League appearances this season.
Falcao, who missed Sunday’s final game of the campaign against Hull City through injury, would have cost £44m to make the move permanent, while also commanding a weekly salary of around £250,000.
“Falcao is a top professional and a good human being. On behalf of myself and everyone at the club I would like to wish him well for the future,” Louis van Gaal told the club’s official website.
Falcao’s last goal for United came against Leicester City on January 31.