The £50million-rated Colombian is one of the hottest properties in world football after scoring 17 La Liga goals so far this season to add to the 24 he netted in 2011/12.
Falcao has three years left on his Atletico contract and has never made an indication of his desire to leave any time soon but a switch to England could be a possibility.
Falcao: "I am only thinking about my club. I know there is a lot of speculation but hopefully it will not affect me.
"At this moment in time, my reality is Atletico Madrid and I am happy where I am. There will be another league in the future but I still have three years left on my contract with Atletico."
Source: Manchester City MAD