Rodriguez left Real Madrid for Bayern Munich in the summer, signing a two-year loan deal with the Bundesliga champions.

However, the sacking of manager Carlo Ancelotti has led to talk of a premature move away from the Allianz Arena.

And Spanish website Don Balon says the Colombian is wanted back at his parent club by president Perez.

James Rodriguez was allowed to leave the Bernabeu after struggling for minutes under Zinedine Zidane last term.

The Colombia international spent much of the season stuck on the bench as Real scooped the La Liga and Champions League titles.