Falcao has emerged as one of the most coveted strikers in world football due to his excellent performances for Atletico, with Chelsea reportedly considering a January move.
Cerezo concedes that the 26-year-old hopes to one day try his luck in another country, but insists he is happy at the club.
Falcao's deal not expire until the summer of 2016 and Atletico have no intention of letting a player leave who Cerezo rates as the best in the world in his position.
"He tells me he is very happy here and that he wants to honour his contract but one day, we don't know when, he would like to try out another league," Cerezo told Cuatro.
"I know that day will come, but it won't be anytime soon. I can say that he has told me personally that he loves being at this club.
"He is the best No.9 in the world at the moment. He is also a lovely, kind guy, and he never loses his temper."