The 22-year-old attacker left Porto for Monaco in a €45 million (£35m) deal last summer and has captured global adulation following his stellar performances at the World Cup so far.
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The Spanish giants might be encouraged further now that the Colombian has claimed Spanish football is ideal for him - just days after he suggested it would be a dream to move to Santiago Bernabeu - but has poured cold water over the possibility of a transfer to England.
"I've said in the past that I'd like to play in Spain one day, because it is a league that is good technically, and where you get a lot of touches on the ball, which is my style," he told the Guardian. "The Premier League is maybe a bit physical at this stage."
James, who will be hoping to impress further when Colombia face World Cup host nation Brazil on Friday in a quarter-final clash, stressed that he is not considering an imminent transfer as his focus is on international football.
"I am a Monaco player and I'm not thinking about anything like that at the moment," he added. "I am now just concentrating on Brazil, which is going to be a wonderful experience for us."