The 26-year-old cut a frustrating figure at Madrid last season and was limited to just 13 starts in La Liga under Zinedine Zidane.
It therefore came as no surprise when news emerged that the Colombian was looking to move on, with Bayern having sealed an initial two-year loan deal.
James, who is with the Bayern squad in Singapore taking part in the International Champions Cup, insists he wants to win trophies with his new team and then consider his future at a later date.
"I don’t really know what the future will be. For the time being, I just want to be focused on Bayern Munich," he told Goal at the Adidas Here to Create event at Clifford Square, Singapore.
"The idea is to play as much as I can, win as many titles as I can. When the time comes, I will see what will happen."