Atletico Madrid GM Miguel Angel Gil Marin admits they face selling Radamel Falcao.Chelsea, Arsenal and Manchester City are chasing the Colombia international.

"€60 million for Falcao would solve all the economic problems at Atletico," general manager Gil Marin told COPE Radio.

"I can say for sure, though, that he will stay with us until the end of the season. Not only will he stay, but so will all the players that the coach wants to stay.

"We will fight to perform a miracle which is what we are doing with what we have available.

"In Europe there are 50 clubs with more income than we have. If we were to sell Falcao for €60 million then that would cover our debts."