Falcao and Guarin helped Porto win the Europa League this season and have been linked with a host of clubs around Europe.
Full Colombia squad:
Goalkeepers: David Ospina (Nice), Luis Martinez (Once Caldas).
Defenders: Mario Yepes (AC Milan), Aquivaldo Mosquera (America, Mexico), Luis Perea (Atletico Madrid), Cristian Zapata, Pablo Armero (both Udinese), Camilo Zuniga (Napoli), Yulian Anchico (Pachuca), Juan Valencia (Atletico Junior).
Midfielders: Juan Cuadrado (Udinese), Elkin Soto (Mainz), Abel Aguilar (Hercules), Fredy Guarin (Porto), Carlos Sanchez (Valenciennes), Gustavo Bolivar (Deportes Tolima).
Forwards: Hugo Rodallega (Wigan Athletic), Adrian Ramos (Hertha Berlin), Teofilo Gutierrez (Racing Club), Radamel Falcao Garcia (Porto), Jackson Martinez (Chiapas), Dayro Moreno (Once Caldas).