The Colombia striker has been excluded from Monaco's starting line-up against Lille, despite being expected to start the Ligue 1 clash.
And Falcao has not even made the substitutes' bench, adding fuel to speculation linking him with a move to the Premier League.
That move, though, is not the one many Arsenal fans and perhaps neutrals would have wanted or even expected.
No, it appears the 28-year-old could be on the brink of a move to league champions Manchester City.
Manuel Pellegrini's side already have a strikeforce consisting of Sergio Aguero, Stevan Jovetic, Edin Dzeko and Alvaro Negredo, though it appears the Manchester side want to maximise their chances of challenging on four fronts.
City won both the league and the Capital One Cup last term but it is no secret that the hierarchy at the Etihad Stadium want to see European success.
Falcao may aid in that endeavour, although the Colombian has never actually played in the Champions League.
The move could spark the sale of the out-of-favour Negredo and might push the in-form Jovetic back to third choice at City.
Speculation surrounding a move to Manchester stems from reports in Italy. The forward's agent had reportedly met with several interested parties - but Arsenal are said to have not made a bid for financial reasons.
Falcao: out of the squad for todays Monaco game and @lequipe says conversations with Madrid "advanced" but Juve also want him— Guillem Balague (@GuillemBalague) August 30, 2014
However, as Sky Sports pundit Guillem Balague suggests, Falcao could yet move to Real Madrid or Juventus.
Do Arsenal need Falcao more than Manchester City?