United finalised terms with Monaco and Falcao when his €8m season-long loan switch from the French club was sealed on the last day of the summer transfer window.
The 20-time English champions will have the option to activate the agreement at the end of the season if they are satisfied with Falcao's performances and fitness. It is understood all parties fully expect the deal to be made permanent.
Falcao currently receives a salary package worth around €305,000 per week, and United have agreed and signed paperwork on the same terms should the switch materialise next summer.
Falcao's agent, Jorge Mendes, has a close relationship with United executives and the striker has expressed his desire to stay at the club beyond this season.
Despite the perception that Falcao's move was a last-minute swoop which only materialised in the final hours of the transfer window, United had been negotiating various terms with Mendes for a number of weeks.
But with the deadline approaching, all parties decided on a season-long loan move and the details of a permanent move were agreed and signed upon.
The loan agreement gives United the opportunity to assess Falcao's form and fitness after the serious knee injury that ruled him out for the second half of last season and caused him to miss the World Cup.
Source: goal
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