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'We will not receive any money' - James joined Everton on a free transfer, claims former club Banfield

James Rodriguez's move to Everton from Real Madrid was allegedly a free transfer, according to the forward's former club Banfield, who have claimed that they will receive no money from the 29-year-old's switch to the Premier League.

The Colombia international reunited with former boss Carlo Ancelotti at Goodison Park earlier this month after bringing the curtain down on a six-year spell at the Spanish giants that included a two-season loan stay with Bayern Munich.

Reports estimated a move worth £22 million (€24.1m/$28.5m) had been struck by the Toffees to bring the player from La Liga to the top-flight of English football and the influential playmaker looked to have justified his price tag with a fine performance on debut as Everton outsmarted Tottenham Hotspur for a winning start.