Real Madrid sign James Rodriguez from Monaco on six-year deal

Real Madrid have signed World Cup Golden Boot winner James Rodriguez from Monaco.

MIDSEASON BEST XI

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 forward, but reports suggest Madrid have paid in the region of $108 million, which would make Rodriguez the fourth most expensive transfer of all time after Gareth Bale, Cristiano Ronaldo and Luis Suarez.

A Real Madrid statement read: "Real Madrid have reached an agreement with Monaco for the transfer of James Rodriguez, who will join the club for the next six seasons.

"The player will be presented today, Tuesday 22 July, at 20:00 (Spanish time), in the Santiago Bernabeu’s presidential box.

"Following that, James Rodriguez will take his first steps on the Santiago Bernabeu’s pitch wearing the Real Madrid shirt and will attend the media in the press room."

BREAKING THE BANK

In the afternoon he was presented to thousands of cheering fans at the Santiago Bernabeu Stadium. Many wore Colombian national colors and waved flags.

Madrid president Florentino Perez welcomed the forward and referred to him as James – which he pronounced in the Spanish style as ha-mes – Rodriguez.

Perez said the late Madrid great and honorary president Alfredo Di Stefano had also come to the club from Colombia, where he had been playing before his arrival in Spain.

”Colombia will be at your side,” said Perez, raising a loud cheer from fans in the stadium.

Rodriguez said: ”I hope to win many titles here, Hala Madrid,” invoking the club’s chant.

Rodriguez was one of the revelations of the World Cup, scoring in each of Colombia’s games as they reached the quarterfinals of the competition for the very first time, eventually losing 2-1 to hosts Brazil.

MORE REAL MADRID

In total Rodriguez scored six goals at the World Cup to finish as the leading scorer – one clear of Thomas Muller – while his stunning 25-yard volley against Uruguay was voted goal of the tournament on FIFA.com.

His signing comes less than a week after Madrid brought in another of the World Cup’s star performers in Germany’s Toni Kroos, who moved from Bayern Munich for a reported £24million.

It also means that, if the reported figure is correct, Madrid now boast three of the four most expensive signings in history, having spent a world-record £86million on Bale last summer and £80million on Ronaldo in 2009.

The Champions League winners would hold a clean sweep of the top three signings but for arch-rivals Barcelona, who splashed out a reported £75million on Liverpool striker Luis Suarez earlier this summer.

Rodriguez began his professional career with Colombian side Envigado before moving down to Argentinian club Banfield aged 17.

His performances for the Buenos Aires outfit attracted the attention of Porto, who signed him for £4million in 2010, and three years later he joined Monaco for £38.5million after helping the Portuguese side win a hat-trick of league titles and the 2011 Europa League.

The left-footed forward scored 10 goals in 38 matches in all competitions for Monaco last term as they finished second in Ligue 1 behind Paris St Germain.

Big-spending Monaco said they had not been looking to sell Rodriguez but described the deal as "one of the most significant transfers in football history".

A statement on www.asm-fc.com read: "The club would like to take the opportunity to thank James for the role he played in getting the club back to the Champions League and wishes him the very best for the future.

"The club had no intention to sell the player, however the time came when the solution of a transfer was considered to be the most beneficial solution for all parties. Monaco is proud to be a party to one of the most significant transfers in football history.

"Monaco is a club that will continue to grow and remains focused on the future. More than ever it has the ambition to strengthen the team and continue to progress for next season."

The Associated Press contributed to this report.