Manchester United transfer news: James Rodriguez 'will cost at least £50m', Jose Mourinho warned

A round up of the latest transfer news coming out of Old Trafford

Colombian midfielder James Rodriguez is out of favour at the Bernabeu (Getty Images)

Manchester United will reportedly have to pay at least £50m if they want to prise James Rodriguez away from Real Madrid.

The Colombian midfielder has only played 10 games for Madrid this season, but manager Zinedine Zidane is unwilling to let him go on the cheap, according to The Sun.

The player's father has also warned Jose Mourinho - who shares the same agent as Rodriguez in the shape of Jorge Mendes - that his son won't be going anywhere in January, possibly pushing back any hopes of a deal until the summer.

If the 25-year-old does arrive at Old Trafford at least one of Ashley Young, Memphis Depay, Jese Lingard or Wayne Rooney could be shown the exit door, according to The Telegraph.

Benfica's president has told Manchester United they will not accept a bid for defender Victor Lindelof unless the offer matches his release clause, reported to be £38m by the Daily Star.

Luis Filipe Vieira said in an interview with Portuguese newspaper A Bola: "Lindelof is Benfica player, whose contract has a termination clause. Let's wait... At this moment we are not looking to sell any player, unless of course, a proposal that serves the interests of Benfica and the player arises."

If Lindelof does sign for United, that could open the door for Chris Smalling's exit - with Everton rumoured to be among the favourites to sign the England international.

Meanwhile, United have rejected a £19m bid from the Toffees for the services of midfielder Morgan Schneiderlin, according to The Guardian.

Although the midfielder is out of favour at Old Trafford, it is reported that Mourinho would rather sell to a club outside the Premier League.

Inter are rumoured to be the favourites to secure Schneiderlin's signature, with United reportedly hoping to recover most of the £24m they paid for him last summer.

Aston Villa have reportedly won the race to sign United goalkeeper Sam Johnstone until the end of the season.

The 23-year-old has impressed in loan spells at Doncaster and Preston and Villa boss Steve Bruce is rumoured to be willing to sign him on a permanent deal in the summer.