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RUMORS: Real Madrid rejects James Rodriguez loan bid from Chelsea

Antonio Conte's side reportedly made a bid to sign the Colombia midfielder on a temporary basis, but Florentino Perez is holding out for a permanent deal.

Real Madrid has rejected a loan bid from Chelsea for midfielder James Rodriguez, according to the

Daily Mirror.

Antonio Conte's side reportedly made an offer to take the Colombia international on a temporary deal, but Madrid will only consider a permanent sale.

And Los Blancos president Florentino Perez is said to be looking at a 60 million pound ($78M) fee to part with Rodriguez, who is reportedly keen on making a move to the Premier League before the transfer window shuts.