The Daily Mail says Colombian sources suggest a pre-contract agreement has already been agreed with Chelsea and the player.
"I don’t want to talk about any pre-agreements," said Dad, Radamel Snr.
"I spoke to Falcao very briefly yesterday. The minimum release clause in his contract with Atletico Madrid is about 55million Euros, but Falcao doesn’t want to talk figures."
When asked about the chances of his son playing in the Premier League by the time the next transfer window closes, his father confirmed: "Yes, it’s very likely."