Arsenal are set to miss out on the signing of James Rodriguez.

The Colombian attacking midfielder, whose two year loan at Bayern Munich runs out at the end of this season, is available.

His club Real Madrid are looking to cash in on him, which means a Premier League move is a possibility.

Per Marca, Real will sell Rodriguez this summer.

However, the Daily Mirror suggests that Manchester United and Chelsea are the most likely destinations for the player.

Liverpool and Tottenham are also possibilities, pushing Arsenal well down the pecking order as a destination.