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Atletico Madrid will reportedly try to put Chelsea off a bid for striker Radamel Falcao by offering the Colombian a new deal to stay at the club.

Atletico Madrid have reportedly hatched out a contract offer for striker Radamel Falcao in order to warn Chelsea off their star forward.

The Champions League winners have been constantly linked with a switch for the Colombian frontman, who is believed to have a £46m release clause in his current contract.

While the Blues are thought to be keen on the 26-year-old, it is understood that the Spanish outfit are prepared to give the player a new contract with a higher release clause, according to talkSPORT.

Falcao has netted 13 goals in nine La Liga games this season.

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