The pacey forward is set to complete his move from Monaco to Real Madrid just days after his goal against Uruguay was crowned the goal of the tournament by FIFA.
The Colombian, who was the top goalscorer at Brazil 2014, has completed his medical at Madrid and will be announced as a player shortly.
James gives the thumbs up after completing his medical:
James Rodriguez gives the thumbs up as he prepares for his Real Madrid medical. pic.twitter.com/iCS1lZf7K4— Squawka Football (@Squawka) July 22, 2014
The fee is expected to be in the region of £70 mllion.
This deal is expected to mean the end of Argentina star winger Angel Di Maria's career at the 2013/14 Champions League winners.