The prolific striker has caught the attention of clubs such as Chelsea and Manchester City, but his father has stressed that he still has an ongoing contract with his current club.
"Falcao will decide his own future, but he is solely focused on Atletico Madrid for now," Garcia told Marca TV. "He still has three years on his contract with Atletico."
The 27-year-old has developed into one of the most wanted strikers around since joining Atletico Madrid from Porto in the summer of 2011.
He guided the Spanish side to Europa League glory last term, and has already netted 21 goals in 25 La Liga appearances so far this campaign, helping the Rojiblancos to third spot in the table.