Chelsea and Manchester United are the bookies favourites to sign Real Madridwinger James Rodriguez.

The Colombian is currently on a two-year loan with Bayern Munich.

However, Rodriguez has made just nine Bundesligaappearances this season, scoring two goals and providing three assists.

Betstars Director of Trading Ian Marmion said: "Following a difficult spell at Real Madrid, James Rodriguez moved to Bayern Munich on a two-year loan deal in the summer, however the Colombian playmaker could be set for a shock move to the Premier League!

"If Rodriguez decides to make a permanent move from Madrid, Chelsea and Manchester United are believed to be in pole position to sign the attacking midfielder.

"The Blues are valued at 3/1 to complete a deal for Rodriguez, whereas the Red Devils are just behind at 7/2.

"Arsenal are the other Premier League side interested in acquiring the Colombian, however their odds of 12/1 make them outsiders for his signature.

"Rodriguez's former side, Monaco, are another possible destination and we make them 6/1 to bring the midfielder back to Stade Louis II.

"Italian Champions Juventus are also in contention at 9/1 to sign Rodriguez."