Real Madrid are encouraging James to find a new club and he has been linked with city rivals Atletico.
Fellow Colombian Arias stated, "James to Atlético? There is a lot of talk.
"He is one of the representative players of the national team. Of those who have achieved many things. There is admiration as a Colombian. He does well, he has qualities.
"We are not talking about Atleti. If he comes here he will be welcome for sure. We'll wait to see what happens."