Atletico Madrid have set their asking price for striker Radamel Falcao.

Falcao will be allowed to leave Atletico Madrid if either Manchester City or Chelsea stump-up the £48million demanded by the club's chiefs in Spain, says the Daily Mail.

City boss Roberto Mancini flew to Spain to check on the striker at the weekend. And the Italian saw the Colombian hotshot score his eighth goal of the La Liga season as Atletico beat Malaga 2-1.

In-demand Falcao scored 36 goals last season and the fee received for his transfer would clear the club's mounting debts.