He is top of Chelseaâ€™s wish list to beef up their attack next season â€“ and has also attracted interest from Manchester United.
But his wife, the Argentine singer and actress Lorelei Taron, is four months pregnant and insists the family will NOT be leaving Spain because of the baby.
She said: â€śOur baby will be born in Spain and we will not go away from here. This is where our doctor is. We are very happy here. We really like Madrid and my husband is happy here.â€ť
When he announced the news that the couple were expecting their first child earlier this month, devout Christian Falcao said: â€śIâ€™m very excited and happy.
â€śMy life has been Âtransformed.â€ť
Is that it for Falcao? Or will we still see him in England? Give us your shout below...