Botafogo are preparing a new bid to sign Colombian international midfielder James Rodriguez, according to media reports in Brazil.

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Club owner John Textor is expected to make an improved offer after Rodriguez reportedly rejected an initial proposal as he waits for potential suitors to emerge in Europe, O Globo reported on Tuesday.

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It added that the 31-year-old has also attracted interest from clubs in Mexico and Saudi Arabia.

Rodriguez has been a free agent since parting ways with Greece's Olympiacos earlier this month.

Botafogo are currently second in Brazil's 20-team Serie A standings, behind Fluminense on goal difference, after two wins from their first two matches of the season.

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