Louis van Gaal informed the on loan Monaco ace of the news in a meeting

Manchester United have told striker Radamel Falcao that his time at Old Trafford is over.

Sportsmail can reveal that United manager Louis van Gaal informed Falcao of the club's decision at a meeting that took place in the last 48 hours.

And Manchester United confirmed the news on Sunday night after their goalless draw at Hull City.

Van Gaal said: 'Falcao is a top professional and a good human being. On behalf of everyone at Manchester United, I would like to wish him well for the future.'

Falcao has now instructed his representatives to look for other clubs in the Barclays Premier League and is understood to be willing to take a drop in wages to find another English club.

Manchester United have told striker that Radamel Falcao that his time at Old Trafford is over

Falcao has now instructed his representatives to look for other clubs in the Barclays Premier League

#mufc can confirm that @Falcao has returned to Monaco after his loan spell with the Reds. http://t.co/S7ezdrjmhX pic.twitter.com/ND5vNP6E4R — Manchester United (@ManUtd) May 24, 2015

FALCAO'S SEASON IN NUMBERS Appearances: 26 Minutes On Pitch: 1,286 Goals: 4 Mins per goal: 322 Shots On Target: 16 Shots Off Target: 13 Shooting Accuracy: 55% Chance Conversion: 14% Blocked Shots: 8 Assists: 4 Chances created (inc. Assists): 18 Mins per chance created: 71 Approx earnings: £10.6million Advertisement

If possible, he would like to move to London.

The Colombian international wanted to stay at United but Van Gaal told him that his record of four goals in 29 appearances during his season on loan from Monaco wasn't enough to justify his retention.

The 28-year-old - who seemed to wave goodbye to the crowd at Old Trafford after last Sunday's game against Arsenal - believed that he would be better next season if he was given a full pre-season to work on fitness.

However Falcao will now head off to the Copa America knowing that his time at United is definitely at an end.

In meetings this week Van Gaal will also tell defenders Rafael and Jonny Evans that they are available for transfer this summer while winger Nani and goalkeeper Anders Lindegaard also have no future at Old Trafford.

Manchester United were extremely quick to wipe Falcao off of their squad list on their official website, while the Colombia international also appeared to change his Twitter cover photo.

Manchester United removed Falcao from their first team squad list just hours after confirming his exit

Falcao changed his Twitter cover photo shortly after his departure was confirmed by Man United

The on loan striker has endured a torrid season at Old Trafford scoring just four times for Manchester United