That is according to the Daily Mirror, who report that the Colombian would rather sign for Real Madrid, or even Manchester City.
Falcao seems likely to leave the Spanish side this summer, after a superb season in which he has driven the club forward.
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Summer 2016 is set to be a very exciting time for football fans, as this is when the long awaited Euro 2016 tournament kicks off.
Since Guus Hiddink arrived at the helm, Chelsea have improved considerably after a tricky start to the campaign.