The statue has drawn unfavourable comparisons with the infamous Cristiano Ronaldo statue that was installed at the airport in Portugal that bears his name.
It is under construction in Falcao's home city of Santa Marta, Colombia, and depicts the 32-year-old pointing to the sky in a trademark celebration.
However, the facial details of the statue bear little resemblance to the striker's own.
The artist responsible for the monstrosity, Antonio Irisma Arias, told 'El Tiempo' earlier this year: "For his discipline, perseverance and fight he is an example for children and adults to follow.
"We feel proud of this son of Santa Marta and that is why we wanted to create this work in his name.
"Everyone's wants him (Falcao) to visit the neighbourhood so that he can appreciate this heartfelt homage that he wanted to present him with affection and respect."
21 September 2018