Rodriguez has endured a frustrating season so far, making just 18 appearances across all competitions.
He is said to be unhappy under Zidane Zidane and a summer move away from the Bernabeu is on the cards.
Top clubs across the continent have been backed to rescue him from his Madrid nightmare.
James Rodriguez could be set to snub Manchester United and Chelsea
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Wed, February 1, 2017
Express Sport takes a look at the five most likely deals that could happen this summer. Odds provided by BetStars
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Griezmann to the Premier League – Man Utd 15/8, Chelsea 6/1, Man City 8/1
James Rodriguez has endured a frustrating season at Real Madrid
But Spanish outlet Don Balon claim Rodriguez already knows his next destination.
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And in bad news for United and Chelsea, he won’t be moving to the Premier League.
The report says Carlo Ancelotti wants to be reunited with the Colombia international at Bayern Munich.
James Rodriguez is desperate to move to Real Madrid in the summer
Ancelotti signed Rodriguez for Real Madrid for £63million after the player starred at the 2014 World Cup in Brazil.
He enjoyed a fine solitary season under the Italian boss, scoring 17 goals before the manager was sacked in 2015 to make way for Rafa Benitez.
Ancelotti believes he can coax the best out of Rodriguez over in the Bundesliga – and the player reportedly knows a move to Bayern is set to happen at the end of the season.