January transfer rumors are already circulating, and as usual, Chelsea is right at the center of much of the gossip.
It makes sense. After an excellent 2011/12 season, in which he scored 24 goals in La Liga, and the winning goal in the Europa League final, Falcao has started this season with an impressive 10 goals in eight La Liga appearances.
Chelsea might be looking for a new striker to add to their squad in January, as Fernando Torres and Daniel Sturridge are currently their only two options up front.
However, despite this, Falcao is not the move that the Blues need to make come January; here are five reasons why.
Falcao is a great player; there is no doubt about that.
But the amount of recent interest in the Colombian will most definitely raise any price that Atletico Madrid would be willing to accept.
Chelsea has already spent a lot on transfers this year, using the summer market to add a number of creative midfield players.
There are plenty of top strikers available that could go to Stamford Bridge for a lot less money.
No player polarizes opinion like Fernando Torres.
Since struggling when he first arrived at Chelsea, he has made something of a comeback in a blue shirt.
The Spaniard has been back to his scoring ways, making life difficult for Premier League defenders once again.
Were the Blues to buy Radamel Falcao, you have to wonder where exactly he would fit in. There is only room for one No. 9 in the current Chelsea lineup.
Is Roberto Di Matteo going to drop Torres to the bench and effectively end his Chelsea career? Would either player be happy with sharing the playing time?
The answer to both of these questions is no.
At 26, Falcao is not what you could call old. However, at 26, he is only two years younger than Fernando Torres.
Whether Falcao is brought in to replace or supplement Torres, Chelsea would be wiser to look to a younger option. Someone who can be a long-term successor to the Spaniard.
With Romelu Luakaku still on the Chelsea books and Lucas Piazon an interesting prospect for the future, Chesea might not need to make any new signings this January.
If Real Madrid are interested in signing Falcao, Chelsea should not bid.
Not only will Real push up the price and ultimately outbid the London club, but Falcao will surely opt for a Spanish side over a move to England.
Falcao would also need some time to adapt to the Premier League.
He may not take as long as Torres did to get used to life at Stamford Bridge, but even the most talented players need some time. And with the high price that he will come with, Chelsea will not want to wait.
What is more, Falcao has stated that he does not even want a move away from Atletico Madrid.
All these things considered, an extravagant move for the Colombian is a risk that is not worth taking.
Edinson Cavani is one potential alternative for Chelsea.
As well as the two young players already at Chelsea, Lukaku and Piazon, there are plenty of other players out there, should the Blues decide that they need another striker.
Edinson Cavani, Fernando Llorente and Isco are three such options for Chelsea.
Darren Bent and Demba Ba would also be possible choices for a cheaper transfer than Falcao.