Real Madrid forward James Rodriguez is to leave Bayern Munich when his loan finishes, after asking the German club not to take up their option to buy him.

Colombia international Rodriguez, 27, has spent two seasons at Bayern, scoring 15 goals in 67 games.

"The Colombia international asked the management at the German record champions not to take up the purchase option agreed with Real," the Bundesliga club said. "Bayern concurred with that request."

His loan spell at Bayern ends on 30 June.