Here's a breakdown of his numbers and a brief scouting guide to the Colombia international, along with a few hints as to where he might be playing next summer.
Contract Situation: Falcao is tied to the Colchoneros until June 2016.
Career Stops: Lanceros (1999-01), River Plate (2001-09), Porto (2009-11), Atletico Madrid (2011-present).
Current Campaign Stats: La Liga—33 games, 28 goals; Europa League—2 games, 1 goal; Copa del Rey—4 games, 2 goals; Super Cup—1 game, 3 goals.
There is no doubt that in front of goal, there are few better natural scorers in today's game than Falcao. Quick, strong and good in the air, the Colombian has all the assets to make him a deadly prospect for any opposition.
He has proved that he can adapt to varied systems—playing well as a sole forward as well as with a smaller, nimbler partner—but has yet to prove himself decisively in the top levels such as the Champions League.
Although Falcao declared to Antena 3 in a press conference that he is currently not thinking about any move away from the Spanish club, a host of possible suitors have already emerged to try and tempt him and Atletico into a transfer.
Monaco have emerged as one of the favourites for the Colombian's signature. Speaking recently to the French press, goalkeeper at the French club Danijel Subasic gave the strongest hints yet that Falcao was on the way, stating that the forward was 90 percent likely to move to the principailty in this report from Depor.
With no confirmation from the player himself, however, and interest reported also from Chelsea and the two Manchester clubs in England, according to Give Me Football, the deal appears to be far from a sure thing.