Colombia marksman will be departing the Spanish capital this summer.
Mega-rich Premier League duo Chelsea and Manchester City have both been put on alert by the news that deadly Atletico de Madrid front man Radamel Falcao will be leaving the Liga club at the end of this season, reports the Daily Mirror.
The Colombia international has been in typically prolific form in front of goal for his employers so far this campaign, finding the back of the net on 28 occasions in only 33 league appearances for Atleti, while overall the 27-year-old has registered an impressive 34 strikes in just 40 matches in all competitions.
And it is that kind of eye for goal that made the player the most coveted attacker currently operating on the Continent, although with a reported buyout clause in his Atletico contract, that runs until the end of June 2016, worth £54 million both top-flight suitors will need to break the bank this summer in order to land the striker.
However, Chelsea and City will be encouraged nonetheless by the comments of Atletico chief executive Miguel Angel Gil-Marin, who said: “Before the start of the season we spoke with Falcao and promised him that if he kept up the same performances and helped us to qualify for the Champions League, Atletico would help him.
“Whatever decisions he makes, Atletico will be with him.”