 Upon his return, Falcao was made team captain by coach Leonardo Jardim.On 27 July 2016, Falcao scored for Monaco in his first appearance for the club in two seasons; a Champions League qualifier against Fenerbahçe S.K.. On 17 September 2016, he scored his first Ligue 1 goal of the season in a 3–0 win over Stade Rennais at the Stade Louis II.On 5 November 2016, he scored twice in the first half as Monaco defeated Nancy 6–0 in a Ligue 1 match, following his two first-half goals against CSKA Moscow in a 2016–17 Champions League group stage match three days earlier.