The 23 years old Colombian joined the Galacticos for a South American record fee reported to be between £63m and £71m according to reports from the Spanish media; coming second behind Luis Suarez’s Barcelona deal.
The former Monaco forward must have caught the fancy of Real Madrid executives with his sterling performance at the World Cup where he scored 6 goals, becoming the first player to score 5 goals in four consecutive games in his first World Cup appearance.
Madrid president, Fiorentino Perez said concerning the youngster.
Before joining Monaco last season, Rodriguez played with FC Porto where he won three Portuguese titles in a row.
He played 34 times in the league for Monaco, scoring 9 goals; the French club had been hesitant to the player leaving but, however are to be part of
Monaco vice president Vadim Vasilyev said.
The Madrid club confirmed:
With this transfer, Madrid has become the only team to have in its team three World record signings in Cristiano Ronaldo: £80m from Manchester United in 2009; Gareth Bale, £85.3m paid Tottenham last summer and the James Rodriguez deal.