Long-term Manchester United and Chelsea target James Rodriguez is set to complete a permanent move to Bayern Munich.

According to reports in Spain, the player’s loan deal will finally turn to a permanent move by the end of the year.

Rodriguez is in his second season in the Bundesliga after joining on a two-year loan deal from Real Madrid.

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He had fallen out of favour at Real but has rediscovered his best form during his time in the Bundesliga.

Bayern held the right to buy the player on a permanent basis as part of the loan agreement and the deal is set to cost them around €35 million.

The Bavarian outfit have already spent around €10 million on a loan fee for the player, taking the total cost of the deal to €45 million.

Rodriguez has long been linked with a move to the Premier League, with United and Chelsea long-term admirers but it is believed that a permanent move to Bayern was never in doubt.