Víctor Hugo Montaño Caicedo (Spanish pronunciation: [ˈbiɣtoɾ moˈtaɲo]; born 1 May 1984) is a Colombian former professional footballer who played as a forward.

He showed great promise in Colombia and at the age of 20, on 26 June 2004, secured a move to newly promoted Ligue 1 side FC Istres in a one-year deal.

During the promotion campaign, Montaño finished with 15 goals, three behind top scorer Grégory Thil, and also contributed with seven assists.

He made an immediate impact, scoring the opening goal and providing an assist for Yacine Brahimi, as his side eventually won 3–0.

[14][15] Following a horrendous 5–1 loss to Sochaux on 29 January 2011, Rennes pulled off five straight Ligue 1 victories to go temporarily top of the table on 5 March 2011.

[22] The start of the league campaign was impressive for Rennes as well, Montano scored one and assisted another on the opening day of the new Ligue 1 season.

[23] On 18 August 2011, Montaño scored the winning goal of their first leg Europa League play-off tie against Red Star Belgrade in Serbia.

[25] On 18 September Montano put his side 1–0 up in the 19th minute against AS Nancy-Lorraine after being fed in by strike partner Jonathan Pitroipa, the match ended in a 1–1 draw.

[26] In the final game of the season on 20 May 2012, Montaño opened the scoring in the ninth minute as Rennes went on to secure a 5–0 defeat of relegated club Dijon.