Falcao recently admitted that he will not be at Old Trafford next season, having scored just four goals for Manchester United in the current campaign.
The Colombian striker's £265,000-per-week wages are not deterring the two London clubs, according to The Mirror.
Italian giants Juventus are also believed to be in the race to sign the striker this summer.
Restore Data
| Team | P | W | D | L | F | A | GD | PTS | |
| 1 | Arsenal | 36 | 26 | 5 | 5 | 88 | 28 | 60 | 83 |
| 2 | Manchester CityMan City | 35 | 25 | 7 | 3 | 87 | 33 | 54 | 82 |
| 3 | Liverpool | 35 | 22 | 9 | 4 | 77 | 36 | 41 | 75 |
| 4 | Aston Villa | 35 | 20 | 7 | 8 | 73 | 52 | 21 | 67 |
| 5 | Tottenham HotspurSpurs | 34 | 18 | 6 | 10 | 67 | 54 | 13 | 60 |
| 6 | Newcastle UnitedNewcastle | 35 | 17 | 5 | 13 | 78 | 56 | 22 | 56 |
| 7 | Manchester UnitedMan Utd | 34 | 16 | 6 | 12 | 52 | 51 | 1 | 54 |
| 8 | Chelsea | 34 | 14 | 9 | 11 | 65 | 59 | 6 | 51 |
| 9 | West Ham UnitedWest Ham | 35 | 13 | 10 | 12 | 56 | 65 | -9 | 49 |
| 10 | Bournemouth | 36 | 13 | 9 | 14 | 52 | 63 | -11 | 48 |
| 11 | Wolverhampton WanderersWolves | 36 | 13 | 7 | 16 | 49 | 60 | -11 | 46 |
| 12 | Fulham | 36 | 12 | 8 | 16 | 51 | 55 | -4 | 44 |
| 13 | Brighton & Hove AlbionBrighton | 34 | 11 | 11 | 12 | 52 | 57 | -5 | 44 |
| 14 | Crystal Palace | 35 | 10 | 10 | 15 | 45 | 57 | -12 | 40 |
| 15 | Everton | 36 | 12 | 9 | 15 | 38 | 49 | -11 | 37 |
| 16 | Brentford | 36 | 9 | 9 | 18 | 52 | 60 | -8 | 36 |
| 17 | Nottingham ForestNott'm Forest | 36 | 8 | 9 | 19 | 45 | 63 | -18 | 29 |
| 18 | Luton TownLuton | 36 | 6 | 8 | 22 | 49 | 78 | -29 | 26 |
| 19 | Burnley | 36 | 5 | 9 | 22 | 39 | 74 | -35 | 24 |
| R | Sheffield UnitedSheff Utd | 36 | 3 | 7 | 26 | 35 | 100 | -65 | 16 |
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