The Colombian international has become one of the most feared marksmen in Europe and played a vital role in helping Atletico lift the Europa League just a year after joining from Porto.
36 goals in all competitions has inevitably seen the 26-year-old draw admiring glances from around the continent and has been strongly linked with a move to Champions League winners Chelsea.
The Blues are in the market for a prolific frontman having seen Didier Drogba leave for China on a free transfer with owner Roman Abramovich also targeting Falcao’s former Porto teammate Hulk.
The Russian magnate wants to reunite the pair at Stamford Bridge as he continues to reshape the squad and is close to brokering a £34 million deal to sign the Brazilian frontman.
H0wever Atletico sporting director Jose Luis Caminero has poured cold water on Abramovich’s hopes of bringing Falcao to West London insisting he will remain at the Vicente Calderon.
“Falcao will remain at Atletico Madrid and any talk of an exit is misplaced. The club has very clear ideas on this,’ Caminero told Spanish paper AS.
“The striker will remain with us next season and we are not considering any other possibility.”
Manchester City, Barcelona and Real Madrid are also said to be preparing bids for the forward as Athletico aim to boost their coffers after missing out on qualifying for the Champions League.
Meanwhile Porto have denied reportes suggesting Chelsea are on the verge of signing Hulk stating they’ve received no bids for the 25-year-old.
“That is the truth, despite what the papers say about Chelsea and PSG (Paris St Germain).
“Those stories are simply rumours. If you believe what they say, Hulk has already left us.”