Bayern Munich have signed Real Madrid player James Rodriquez on a two-year loan deal with the option for a permanent transfer.

There were a number of clubs linked with Rodriquez, including Manchester United, PSG and Chelsea and Madrid’s president Florentino Perez was hoping to get a fee of at least €70 million.

However, it was Carlo Ancelotti that made the successful bid and he will now be reunited with Rodriquez whom he used to coach in Madrid from 2014-15. The clubs agreed a two-year loan deal with an annual fee of €5 million and they have the option to pay €35.2 million to make it permanent.

La alegría de un gol. 🇨🇴

Публикация от James Rodríguez (@jamesrodriguez10)

Speaking after the news was announced Bayern CEO Karl-Heinz Rummenigge said, “We are delighted to have realised this transfer. It was our coach Carlo Ancelotti’s big wish to sign James Rodriguez, following their successful spell working together in Madrid. James is a versatile player. He’s dangerous in front of the goal, sets up a lot of strikes and takes great set pieces. Without a doubt, we’ve increased the quality of our squad with this transfer once again.”

Rodriquez has had a mixed three years in Madrid since he moved from Monaco for €80 million after the 2014 World Cup. It seemed certain that he would leave this summer after he was left out of the squad when Zinedine Zidane’s side won the Champions League final.

Madrid published a short statement in which it said that the deal is still subject to Rodriquez completing a medical and that Bayern have the right to buy the player after the loan period.

Rodriquez will now join up with Bayern’s tour of Asia starting on Sunday instead of joining Real Madrid in California. He played 111 times for Madrid, scored 36 goals, and provided 41 assists.