The Blancos supremo has ruled out a January bid for the Colombia international but says he knows that the forward would be interested in playing at the Santiago Bernabeu
Real Madrid president Florentino Perez has admitted that the club could make a move to sign Radamel Falcao at the end of the season.
The Colombia international only joined Monaco from Atletico Madrid at the start of the summer, committing himself to the Ligue 1 outfit until 2018.
However, while Perez has dismissed rumours of a January bid for Falcao, he is in no doubt that the 27-year-old striker, who was strongly linked with los Blancos before moving to the Stade Louis II, would jump at the chance to play in the Spanish capital again.
"He will not come in January but, in June, who knows? Nothing is impossible, and even then there is a lot [of time left]," the Madrid supremo told Punto Pelota.
"Falcao is a great player and I know he would want to play in Madrid. I know that but this is quite normal."
Falcao is currently the top scorer in Ligue 1, having netted seven times in his first six outings.