Reports have suggested that Falcao had fallen out with Monaco coach Claudio Ranieri, something the former Chelsea boss has rejected.
Falcao has recently been strongly linked with a move to Chelsea.
But Monaco vice-president Vadim Vasilyev insists the striker is happy at the club.
“He is very happy here, he feels very good in Monaco,” said Vasilyev. “He loves this club.”
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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.