A cluster of top Premier League clubs were in the frame for his signature before he joined Monaco for £50m.
Reports on the continent had suggested that they would offload Falcao, who was at the centre of a supposed tax dispute.
But Real have tracked Falcao for a while despite his previous Atletico ties and president Florentino Perez hasn't ruled out a possible move for the Colombian hitman.
"He won't come in January but in June, who knows?," he told Punto Pelota.
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