James Rodriguez to sign for Real Madrid in £60m deal with World Cup Golden Boot winner's arrival sparking Premier League rush for La Liga giant's stars 

• Colombia star to sign for Real from Monaco for £60m on Wednesday
• World Cup Golden Boot winner is due to sign a six-year deal
  
• The large financial outlay means Real will look to offload some big names
• Angel Di Maria and Sami Khedira could be set for Premier League moves
  
• Isco could be a target for Manchester City and Liverpool
  
• Real Madrid have spent more than £80m in the summer
  

By Pete Jenson for the Daily Mail

Published: 02:41 EST, 21 July 2014 | Updated: 06:44 EST, 21 July 2014

The star of the World Cup, James Rodriguez, will sign for Real Madrid this Wednesday for £60million in a transfer that will push several players towards the Premier League.

Rodriguez was in Spain on Sunday on his way back from Colombia to Monaco, where he will say his goodbye to the club this week before returning to the Spanish capital to sign a new six-year deal.

Real Madrid president Florentino Perez has been away on business in South America but returns this week to ensure that once again the European champions' summer spending goes beyond the £80m mark – adding Rodriguez’s name to the £20m capture of Bayern Munich’s Toni Kroos last week.

VIDEO Scroll down to watch Real Madrid target James Rodriguez dancing in a nightclub

Deal me in: Colombia World Cup ace James Rodriguez is set to sign for Real Madrid on Wednesday

Golden boy: Rodriguez is due to sign a six-year contract with the La Liga giants this week

Keep it up: Real will be hoping the 21-year-old attacking midfielder can replicate his World Cup form

Big move: Rodriguez was in Spain on Sunday on his way back from Colombia to Monaco

VIDEO Real closing in on Rodriguez  

But just as last season the £86m arrival of Gareth Bale meant Real Madrid sold Mesut Ozil to Arsenal to help pay for the signing, so this summer's big deals will see the departure of at least one and possibly as many as three Real players.

Manchester United target Angel Di Maria is candidate No 1 to move on despite Carlo Ancelotti’s insistence that the Argentine should be kept at the club.

The bank-breaking purchase of Rodriguez will also speed up Real’s desire to move on Sami Khedira – possibly bringing down the £20m asking price for the former Stuttgart midfielder, who only has one year left on his contract and is wanted by Arsenal.

And the Rodriguez move could even provoke a bid from Manchester City or Liverpool for former Malaga midfielder Isco, whose path to regular first team football has now been blocked.

Star man: Rodriguez scored six goals to win the World Cup's Golden Boot

Big news: This is how Spain's major sports publications covered Rodriguez's imminent signing

Target: World Cup winner Sami Khedira could move on as Real look to recoup £80m in summer spending

On the move? Manchester United target Angel Di Maria is the top candidate to move on

Working hard: Real Madrid boss Carlo Ancelotti (front centre) leads a pre-season training session

Reeling them in: Ancelotti (left) speaks with Toni Kroos ahead of his unveiling as a Real player last week

The Colombia midfielder top scored at the World Cup and in emotional declarations after the team’s exit from the tournament against Brazil, he said he preferred to play for Madrid than Barcelona.

His agent Jorge Mendes, who also manages out-going Di Maria, still has an excellent relationship with Real, and the wheels were immediately set in motion to bring the attacking midfielder to Spain.

Real are due on British soil on August 12 to play the European Super Cup against Sevilla at the Cardiff City Stadium.

It now looks as if, alongside homecoming hero Gareth Bale, they will have two of the sensations of the World Cup in their ranks.