According to her manager Steve Kurtz, Aguilera expressed interest in recording a Spanish-language album before she recorded her debut studio album Christina Aguilera (1999). Producer Rudy Pérez was approached during the recording sessions of Mi Reflejo and asked to produce a number of tracks. After agreeing, he produced many songs including the Jorge Luis Piloto written piece "Falsas Esperanzas".
"Falsas Esperanzas" is an uptempo Latin song that incorporates elements from Tropical music. Instrumentation of the track comes from a horn done by Venezuelan-American musician by Ed Calle and a few Tropical elements, including a "snazzy" piano performance by Cuban musician Paquito Hechavarría. "According to music critic Kembrew McLeod, the track features 'bouncy rhythms' and 'splashes of horns'." Sun-Sentinel editor Sean Picolli wrote that the song's refrain contains a see-saw effect with the lines "No me des ... No me digas ..." (English: "Don't give me ... Don't tell me ..."). These lines hint toward lyrical themes pertaining to relationship troubles as well as defiance.