The Atletico Madrid striker, in an interview with Spanish newspaper AS, admitted the decision over his future lies out of his hands.
The 26-year-old, who scored 36 goals last season, has been linked with a move to the Premier League, with Manchester City and Chelsea thought to be keen to sign the striker.
And Falcao revealed he's not sure if he will still be at Atletico Madrid next season.
When asked by AS, if it were up to you, would you still be at Atletico next season, Falcao said: "It's not up to me."
The Colombian international has scored more La Liga goals than anybody other than Lionel Messi and Cristiano Ronaldo since signing for Atletico in 2011. Falcao was brought to Spain in a £35m deal to replace Manchester City-bound Sergio Aguero.
The former-River Plater star is widely regarded as one of the best strikers in world football, and Chelsea and Manchester City have been linked with bids for the striker - who is thought to have a £48m release fee clause in his contract.
In a wide-ranging interview, Falcao also revealed his footballing heroes - the Brazilian Ronaldo, former-Chelsea and Inter Milan forward Hernan Crespo and ex-Argentina international Gabriel Batistuta.
And the Colombia striker picked another Argentina international, Diego Maradona, as his choice for the best player of all-time.
As for Best Coach of the Year, Falcao ignored Pep Guardiola and Jose Mourinho and plumped for his Atletico Madrid manager Diego Simeone. Atletico currently sit second in La Liga, and face league leaders and city rivals Real Madrid next weekend.