The 30-year-old Colombian striker was linked with a move to Columbus Crew SC in January.
Falcao, 30, joined Chelsea from Monaco last summer on a season-long loan following a disappointing stint at Manchester United, where injuries and poor form limited him to just four goals in 29 games, but his second spell in England has so far proved even more forgettable.
The Colombia international has made just two starts in 12 total appearances for the Blues, scoring once, and he now looks set to return to Monaco at the end of the campaign.
While his contract at the Stade Louis II runs until 2018, the Ligue 1 club cannot afford to keep his sizeable wages on the books and the 63-times capped forward acknowledges that he will soon have to assess his options for the future.
Reports over the winter linked him with a move to MLS, with Columbus Crew SC named as a potential destination [h/t MundoDeportivo.com], and the former Porto and Atletico Madrid star admits that a stateside switch cannot be ruled out.
“I follow the league," Falcao told Pro Soccer Talk. "In England they are showing the games and I have some friends who play in it who I played with in River Plate or Porto like [Federico] Higuain or [Diego] Valeri.
"Some other Colombian players are playing in Major League Soccer and obviously the big stars like Andrea Pirlo, Kaka and Giovani dos Santos. I think MLS could be bigger than now because they have everything they need to become an even stronger league and become even more competitive."
However, despite his praise of MLS, Falcao stressed that his preference at the moment would be to remain in Europe for a few more seasons.
"I never say no but in this moment I am thinking about Europe and my performances here,” he added. “I think I have more years to fight in these leagues.”
In the meantime, Falcao will have the chance to drum up interest in his signature over the summer when he captains Colombia at the Copa America Centenario in the USA, while he has also expressed his desire to go to the Olympics in Brazil as one of three over-aged players in the squad.
"Yes, I said before I would like to be part of the Olympics games but it doesn't depend only on me," he told Pro Soccer Talk. "I couldn’t go to the 2014 World Cup and maybe the Olympic games is a big opportunity. I will be working hard to be fit then the decision depends on the coach.”