Chelsea and Manchester City have been dealt a blow in their chase for Radamel Falcao after his club, Atletico Madrid, made a gentleman’s agreement with city rivals Real Madrid.

Spanish website El Confidecial claim that los blancos president, Florentino Perez, met with Atleti owner Miguel Angel Gil Marin this week to try and end the hostility between the sides at board level.

Chelsea and Manchester City have been heavily linked with a move for the Colombian goal machine in recent weeks, but the agreement between the two Madrid sides will have Roberto di Matteo and Roberto Mancini worried about their chances.

The agreement relates to Atletico’s principle of refusing to negotiate with their neighbours over the transfer of any players, which was an issue when Sergio Aguero moved to the Etihad Stadium in the summer of last year.

Chelsea are reportedly keen to sign Falcao as they want more competition for Fernando Torres in the centre-forward position, which he currently occupies practically unchallenged.

The Blues have seen the devastating skills of Falcao up close when he ripped apart a hapless looking defence in the 4-1 thrashing Atletico handed Chelsea in the UEFA Super Cup at the beginning of the season.

The only hope for either Premier League side may be to outbid Jose Mourinho’s club, as the draw of only moving across town and lining up next to the likes of Cristiano Ronaldo is an enticing prospect for any player.

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