Manchester United have reportedly rejected the chance to bring James Rodriguez to Old Trafford.
The Times have reported that the club rejected Real Madrid's offer of £27.4m plus James for the transfer of Paul Pogba.
Real cannot meet United's £150m valuation of Pogba after spending close to £300m on transfers this summer and so resorted to an ambitious part-exchange offer.
United do not value 28-year-old James at anywhere near £122.6m and reportedly refused Real's offer outright.
Elsewhere, United are considering a move for Tottenham Hotspur's Christian Eriksen, ahead of what is set to be a fraught last week of the transfer window that could well see a merry-go-round.
The Danish playmaker has not yet signed a new contract at White Hart Lane, with his current deal set to run out next year, but his options are diminishing.
Eriksen's first choice was Real Madrid but they have long cooled their interest, and are moving for Ajax's Donny van de Beek.
Inter Milan boss Antonio Conte is hopeful of finalising a deal for Manchester United striker Romelu Lukaku in the coming days.
The Italian club have been chasing Lukaku all summer and have reportedly returned with a fresh bid of around £65million as they try and get the deal over the line.
They have until September 1 to sign the Belgium striker, who has not played a single minute of United's pre-season campaign, and Conte is hopeful of bringing the 26-year-old to the San Siro.
This article was most recently revised and updated 3 years ago