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Manchester United are considering extending Radamel Falcao's loan deal to give the striker a final chance to prove his worth.

Striker Falcao's deal with United expires on June 1, with the Red Devils then having the option to buy him permanently from French club Monaco for a fee of £43.2million.

Although United are not willing to pay that much for the 29-year-old, who has disappointed this season, it is understood they are open to the prospect of prolonging his loan spell.

Louis van Gaal has already warned Falcao he will have to accept being a supporting striker is he does remain in Manchester beyond this summer.

But United executive vice-chairman Ed Woodward is in dialogue with Monaco vice-president Vadim Vasilyev about options with regard to Falcao staying beyond the terms of the original deal.

Falcao's goals for Manchester United 29 Played 4 Goals Accurate as of 19 May 2015

Falcao has scored just four times in what has turned out to be an underwhelming season from a player who was until recently regarded as one of the most predatory strikers in the world.

Despite that, United are said to be willing to extend his loan until January to see whether he can recapture his best form after a summer of rest and then a full pre-season.

Falcao suffered a cruciate knee ligament injury in January last year that ruled him out of football for six months and saw him miss the World Cup in Brazil last summer.

It has been suggested the Colombian hurried his recovery in an ultimately futile attempt to make the tournament, and that it has had a knock-on effect this season with regard to his form.

Van Gaal is said to be open to the option of keeping Falcao for a further six months.

The move would also suit Monaco, who would be happy to keep the £250,000-a-week striker off their wage bill.

Another option would be a compromise to reduce Falcao's transfer fee, but an extension to the current arrangement is the likeliest scenario.

Despite his difficulties this season, Falcao is a favourite among United fans - who have continued to support him throughout his troubled campaign.