James Rodriguez 'rejects January Arsenal move'

James Rodriguez has reportedly rejected the opportunity to link up with Arsenal during the January transfer window.

The Real Madrid forward is currently in the second year of a two-season loan spell at Bayern Munich, but the Colombia international has found himself in and out of the team under Nico Kovac.

There had been the suggestion that the 27-year-old could depart the Allianz Arena, with Arsenal being touted as a potential destination for the attacker.

However, ESPN reports that James will remain at the Bundesliga outfit, with sources indicating that a third year at the club is not out of the question.

Bayern have the option to sign James on a permanent basis in the summer, although no decision is expected soon, with the player having only started seven games in Germany's top flight and the Champions League this season.