The Colombia international has agreed a six-year contract with Madrid and underwent his medical with the club on Tuesday morning. He will be presented on Tuesday evening.
Neither club have confirmed the fee for the 23-year-old, but reports suggest Madrid have paid about £60million, which would make Rodriguez the fourth most expensive transfer of all time after Gareth Bale, Cristiano Ronaldo and Luis Suarez.
Signed, sealed and delivered: Real Madrid welcome James Rodriguez with a picture from his medical
Happy to be here:Rodriguez gives the thumbs up ahead of undergoing his Real Madrid medical
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