James is on a two-year loan at Bayern from Madrid.
"They were going through a tough time and that means they can make statements that they don't need to make," he told Noticias Caracol.
"I think Real Madrid have very good players, enough to have a strong season.
"They will get out of their rough patch because they are a great team, they have the tools at hand to be able to improve.
"I left very good colleagues and friends behind in Madrid and, whenever I can, I watch their matches. I'm still in contact with [Sergio] Ramos, [Karim] Benzema and Marcelo."
As for James himself, he insists that he is intent on doing the best he can at Bayern Munich before considering an eventual return to Madrid.
"I don't know. For now I am thinking about Bayern Munich," he noted.
"I'm on a two-year loan, I'm having a good time here and I'm happy."