Arsenal want James Rodriguez in Jan but he favours Inter or PSG (El Desmarque)

Arsenal are planning to swoop for Real Madrid midfielder James Rodriguez in January, but he wants to hold out for a move to Inter Milan or PSG next summer.

The 28-year-old has made only seven appearances in La Liga so far this season, and is currently out injured with a knee injury sustained over the international break.

But despite Arsenal's surprise interest, James is keen to hold out until next summer after the Copa America, and also prefers a move to Italy or France over England, according to Spanish outlet El Desmarque.

The report also details that Arsenal's offer of £35million falls short of the valuation of the player by Real Madrid president Florentino Perez, who is believed to currently value the Colombian at a minimum of £42m (€50m). 

Like the player himself, Perez is also keen to wait until the end of the season when James' value could go up with a strong showing at the Copa America.   

The attacking midfielder, signed for £63million in the summer of 2014 after a standout display at the World Cup, has started just five matches in all competitions and has not played since October 22. 

He has only just returned to Madrid following a two-year loan spell at Bayern Munich - the German giants opted against signing the Colombian on a permanent deal last summer.