Those are the claims from Spanish publication Diario Gol.
The Colombian midfielder looks set to leave Real Madrid this summer after falling down the pecking order under Zinedine Zidane.
A host of Premier League clubs are thought to be chasing his signature with Manchester United, Chelsea and Liverpool credited with interest.
James Rodriguez looks set to leave Real Madrid in the summer
James Rodriguez transfer odds
Mon, March 27, 2017
Click through the gallery for the best transfer odds on James Rodriguez's next club
1 of 9
Click for the best transfer odds on James Rodriguez's next club
But Diario Gol claim Rodriguez is only considering linking up with Jose Mourinho in England or Carlo Ancelotti at Bayern Munich.
Both clubs would reportedly only be willing to make offers of around £34m for his services – which is a long way off Real’s valuation.
The report states Rodriguez doesn’t want to join Liverpool or Chelsea.
Get Quotes on Home Insurance
James Rodriguez is reportedly keen on linking up with Jose Mourinho
Real Madrid transfer odds: Which Premier League aces could move?
Thu, March 30, 2017
Click to reveal the best transfer odds for superstars moving to Real Madrid, courtesy of 888sport
1 of 11
The latest transfer odds for Real Madrid's summer deals, courtesy of 888sport
That news will come as a major blow to Real Madrid who have been keen to use the midfielder as part of their attempts to bring Eden Hazard to the Spanish capital.
But with Rodriguez adamant he won’t consider joining Chelsea, Real chief Florentino Perez may have to change his tactics if he wants to land the Belgian.