As surprising as it may sound, the report says that the Gunners are willing to pay the big money necessary to get Rodriguez. A transfer for James is expected to cost around £50 million.
The report says that Real Madrid have made Rodriguez available on the transfer market because he has fallen a bit down on their depth chart. In addition to Arsenal, Chelsea have also shown interest in getting James.
Rodriguez would be a nice boost to the Arsenal attack if they are able to get him, as he could start as either a winger or attacking midfielder for the Gunners.
He has 20 goals with 22 assists in La Liga matches for Real Madrid since the 2014/15 season, which is very impressive considering he only made 17 starts in league games last season.
The reports are indicating that Arsenal has a realistic chance to get James, but Arsene Wenger has not yet shown a willingness to spend big time money this summer.
Unless Wenger changes his philosophy in the last week of the transfer window, it’d be difficult to see the Gunners winning a bidding war with Chelsea to get Rodriguez.