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According to The Mirror, Liverpool are interested in signing Real Madrid midfielder James Rodriguez after it was revealed that Bayern Munich would not be taking up their £37m option to buy.

The Colombian international scored 15 goals and recorded 20 assists in 67 games for the German champions over the course of his two-year loan spell at the Allianz Arena, which is slightly disappointing for a player of his calibre.

Luis Suarez certainly had no qualms about celebrating against his former employers in the video below...

Along with the Reds, Arsenal are reportedly interested in signing him, as are Manchester United, Juventus and Paris Saint-Germain.

He isn't the player that we saw light up the 2014 World Cup anymore, but would the 27-year-old be a good signing for Liverpool? Football FanCast's writers have their say...

Matt Dawson

"Rodriguez is the very definition of an enigma. After that sensational World Cup he had in 2014 he's never really hit the same heights at either Real Madrid or Bayern Munich. On his day he's a wonderful player but that seems to happen on too rare an occasion. Liverpool could do with someone from a central area to provide them with creativity but I think they're looking at the wrong player to solve that issue. I imagine he'd cost a significant amount too. As a result, Klopp should stay away."

Harry Sherlock 

"Rodriguez is a bit of a weird one. It didn’t really work out for him at Real Madrid but he did find form at Bayern Munich and has the ability to dazzle in whatever situation he is placed in. However, he’d also swallow up a great deal of wages and would seem to go against the grain of recent Jurgen Klopp signings; he’s 27 and may have already peaked. The Reds would be better off looking for a younger, more promising acquisition, especially given that they have had a great deal of success with quite a static midfield this season."

Harry Elnaugh 

"Liverpool have missed out on Julian Brandt now and are still crying out for that central creator whom they have lacked since Philippe Coutinho left for Barca. Rodriguez has a wand of a left foot to rival Robertson and the front three will love having a class number 10 behind them, pulling the strings again. He's also extremely versatile and will be useful if Klopp insists on rolling through formations again next term."