AC Milan have tabled an offer to Real Madrid for James Rodriguez.

Real president Florentino Perez is prepared to sell wantaway James this summer, though so far offers have fallen well short of his €60 million valuation.

Manchester United, PSG and Inter Milan have all been in contact, but no proposal has reached beyond €40 million.

Meanwhile, Milan have come forward with a loan offer for the Colombia international.

The Rossoneri are suggesting taking James on a season-long loan, which would include them covering 100 per cent of James' wages, with a permanent price to be negotiated next June.

For the moment, Perez is yet to respond.