Falcao has earned a reputation as one of the most feared strikers in Europe over the past two seasons after he helped fire Porto to a historic treble last season before switching to Madrid, where has bagged 25 goals in 36 games this season.
While numerous big clubs were linked with a swoop for the 26-year-old last summer, most notably Tottenham and Chelsea, no deal could be done and he completed a £34.7 million switch to La Liga, a fee mostly paid for using the money City paid Atletico for Sergio Aguero.
Now the Premier League challengers are ready to add to their already burgeoning forward line in the summer with Edin Dzeko said to be heading towards the exit at the Etihad Stadium in order to make way for a new arrival.
Real Madrid's Gonzalo Higuain has been linked with a move to the Etihad Stadium at the end of the summer, however the Argentinean remains coy over his future amidst reports he is ready to commit his futre to the La Liga leaders.
The Sun reports that City representatives have already opened talks with Falcao’s advisors over a possible summer switch, while also stating that the talented forward is keen on a move to the Premier League for the sake of his international career.
City were decidedly quiet in the January transfer window, and only added David Pizarro on loan to their expensively assembled squad as they continued their pursuit of a maiden Premier League title.
However they have been linked with numerous high profile names and could once more open their cheque book at the end of the season, especially if they miss out on the title to rivals Manchester United.