Following their qualification for the Champions League, general manager Miguel Angel Gil Marin has reiterated that the club will not stand in the striker's way if he opts to leave
The Colombia star has scored on 28 occasions during his 33 appearances this season, heavily contributing to Atleti's third-place finish as well as securing the Copa del Rey trophy.
And the club's owner has now revealed that the Colombian forward has been given the green light to decide over his future, amid speculation linking him with Premier League duo Chelsea and Manchester City as well as Ligue 1 financial behemoths Monaco.
"Before the start of the season, we spoke with Falcao," Marin told reporters in Singapore.
"We promised if he helps us to qualify for the Champions League, Atletico will support all his decisions."
Atletico currently enjoy a 10-point cushion over fourth-placed Real Zaragoza ahead of their final two Liga matches this season, ensuring their participation in next season's elite cup competition.