JAMES RODRIGUEZ is set for a stunning transfer from Real Madrid to arch-rivals Atletico, according to reports.

The Colombian, 29, looks set to leave the Bernabeu this summer because he is not part of Zinedine Zidane's future plans.

And according to El Golazo de Gol, Atleti could land the playmaker for as little as £13.5million.

But Atletico Madrid president Enrique Cerezo tried to pour cool water on the rumours by insisting he has "no idea" if a deal will get done.

Cerezo told Radio Marca: "We have an excellent and young squad.

"However, if the coach considers it necessary, we will do everything in our reach to bring a player in. I have no idea whether he will end up coming."

He then added: "I don't think he is in Atletico Madrid's plans."