Bayern Munich have confirmed that they will not activate their purchase option on James Rodríguez, whose two-year loan from Real Madrid expires at the end of the month.

The Colombia international will now return to his parent cub after the Bavarians decided against activating a €42 million buying clause.

“I thank James on behalf of FC Bayern Munich for two successful years,” Bayern’s chief executive Karl-Heinz Rummenigge told the club’s official website.

“We have twice won the German Championship and the DFB Cup with him. In addition, we reached the semi-finals of the Champions League with him last season.

“James made an important contribution to all these successes. We wish James all the best for his future.”

Rodríguez, 27, netted 14 goals and made the same number of assists in 43 Bundesliga games during his loan spell but consistently struggled to hold down a place in the starting line-up.

Meanwhile, the forward is unlikely to make a stay at Santiago Bernabeu and has been linked with a move to Manchester United, Juventus and Napoli.