Millonarios' management has real interest in signing James Rodríguez for the 2026 season. Gustavo Serpa stated publicly that the decision is James Rodríguez's, as the club is willing to negotiate all his demands to sign him. According to journalists Juan Felipe Cadavid and Eduardo Luis on La FM, there is not yet a formal offer from Millonarios. Eduardo Luis said that James Rodríguez does not want to have an experience with Millonarios similar to what happened with Junior de Barranquilla, which he left after an opportunity at Club León arose. Eduardo Luis also said that playing in Colombia is not part of James Rodríguez's life plan.

Journalist Julio Sánchez Cristo indicated that Millonarios made a proposal for James Rodríguez to join the club, which considered different economic aspects. Journalist Alexis Rodríguez reported, citing a source close to James, that James was not aware of what was happening in Colombia regarding this situation. According to Alexis Rodríguez, the source relayed James's response that proposals being sent to him do not mean a deal is already done, as is being said in Colombia. The same source stated that Colombia is not James's priority at the moment.

According to journalist Julio Sánchez Cristo on 6AM W, Millonarios has made James Rodríguez an offer that fulfills all his expectations. Julio Sánchez Cristo detailed that the final decision is up to James Rodríguez, as economic aspects still need to be agreed upon. The journalist stated that Millonarios is making a significant financial effort and has met the requested figure, so the decision is now his. Julio Sánchez Cristo also mentioned that James Rodríguez is being presented with the idea that he will have his last World Cup and that it would be beneficial to prepare in Bogotá's altitude, which is similar to Mexico's altitude, where the World Cup will be held.

Enrique Camacho, the president of Millonarios, addressed a rumor about a suggestion for Falcao to help convince James Rodríguez to join the club. Speaking to Medio Tiempo de Win, Camacho confirmed that Millonarios has always wanted a player with the qualities of James Rodríguez, viewing it as an honor, and has previously expressed that intention. However, he clarified that they are not currently working on the idea. Camacho explained that the team is already formed and that budget constraints make an agreement difficult. He further noted that the club prefers to give opportunities to younger creative players from their academy, such as Castrillón and Jet Lee Romario, to provide cover for established players like Darwin Quintero and Mackalister Silva. James Rodríguez is a 34-year-old Colombian attacking midfielder. The Colombian international has 122 caps and 31 goals, has been without a club since the start of January 2026, and has a current Transfermarkt market value of €2.00m. He has also been linked with clubs including Junior FC, Columbus Crew, and São Paulo.