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Transfer news LATEST: James Rodriguez joins Bayern Munich on loan from Real Madrid as Manchester City look set to miss out on Dani Alves

Bayern Munich beat Manchester United and Chelsea to the signing of Real Madrid playmaker James Rodriguez on another busy day in the summer transfer window.

The Colombia international has moved to the German giants on a two-year loan deal, with the option of a permanent deal in 2019. Manchester City, meanwhile, look set to miss out on the signing of Dani Alves.

The ex-Juventus defender is instead set to move to Ligue 1 to join Paris-Saint Germain. To catch up with all of Tuesday's news, scroll through Sportmail's dedicated transfer blog.