Real Madrid sign James Rodriguez for $107 million

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On Tuesday Real Madrid officially announced the signing of Colombian superstar James Rodriguez.

James is now the fourth most expensive player in soccer history behind Luis Suarez, Cristiano Ronaldo and Gareth Bale (both Real Madrid) as the Spanish giants have finally got their man.

The 23-year-old has joined the reigning European Champions on a six-year deal for a fee of $107 million, after taking the World Cup by storm.

[RELATED: Where does fee rank all-time?]

[VIDEO: James scores wondergoal at WC]

Rodriguez scored six times in five World Cup matches this summer in Brazil to lift the Golden Boot, despite Colombia only reaching the quarterfinal stage, and has been linked with a switch from French side AS Monaco to Real ever since.

The talented attacker will now head to the U.S. to meet his new teammates on their preseason tour, as Madrid face Inter Milan, AS Roma and Manchester United. The club released the following statement on their website, as Rodriguez will be unveiled at the Santiago Bernabue on Tuesday evening.

Real Madrid C. F. have reached an agreement with AS Mónaco FC to buy James Rodríguez, who will join the club for the next six seasons.

The player will be presented today, Tuesday 22 July, at 20:00 CET, in the Santiago Bernabéu’s presidential box.

Following that, James Rodríguez will take his first steps on the Santiago Bernabéu’s pitch wearing the Real Madrid jersey and will then answer questions from the media outlets in attendance in the press room.

The big question now is, where will James slot in to the Real line up?

[RELATED: Real to unveil Rodriguez on Tuesday, join club for US tour]

With Gareth Bale, Cristiano Ronaldo, Karim Benzema and Angel di Maria currently occupying the four attacking spots, something has to give. Di Maria is the most likely to leave as Rodriguez’s ability to play centrally or on the wing mean he can slot in anywhere alongside Bale, Ronaldo and Benzema.

James’ ability to create goals should not be underestimated as he led the French top-flight in assists last season with 12 and bagged a slightly modest total of nine goals during his debut campaign in Ligue 1. Monaco have certainly made a tidy profit on the man they signed for just $60 million last summer from FC Porto.

After this monster signing, I think we can start referring to Real as Los Galacticos once again… if you ever stopped doing that.