Bayern Munich have signed Real Madrid forward James Rodriguez on a two-year loan deal with the option to buy.
The deal for the player is reportedly worth €5million a season and the club have the option to buy in 2019 for €35.2m.
A statement on Bayern’s official website read: “FC Bayern Munich and Real Madrid have agreed on the transfer of Colombian national player James Rodriguez to the German champions on Tuesday.
“The two clubs agreed on a two-year loan deal until June 30, 2019 with a following purchase option for FC Bayern Munich.
The 25-year-old, who signed a six-year contract at Real when he joined from Monaco for £71m in July 2014, made just 22 appearances in La Liga last season.
He had been linked with a summer move to both Premier League champions Chelsea as well as Manchester United.
His agent is also believed to have offered him to Liverpool, Paris Saint-Germain, Inter Milan and Juventus.
“We’re delighted we’ve been able to complete this transfer,” said Bayern chairman Karl-Heinz Rummenigge.
“Signing James Rodríguez was our coach Carlo Ancelotti’s biggest wish, following their successful spell working together in Madrid.
“James is a very versatile player. He’s a goalscorer himself, he sets up a lot of goals and on top of that he’s great from set-pieces. There’s no question that this transfer further increases the quality in our team.”
James has won the Champions League and FIFA Club World Cup twice as well as the La Liga title since moving to the Bernabeu.
He made 111 appearances for Real, scoring 36 goals and producing 41 assists.
Bayern boss Carlos Ancelotti worked with Rodriguez during what was probably his most productive season at the Bernabeu – his debut campaign in 2014-15 – and he will hope to get the best out of the 25-year-old once more.