Real Madrid officially activated a €9 million buyback clause for midfielder Nico Paz on June 25, 2026, before finalizing a permanent return transfer to Italian club Como.
According to DAZN and Goal, the Argentine international will not remain in Spain. Instead, he will re-sign with Como in a total operation valued at €60 million.
The multi-stage market maneuver allows Real Madrid to secure a substantial financial profit.
Meanwhile, the 21-year-old midfielder continues his development under manager Cesc Fabregas for the upcoming Champions League campaign.
Journalist Fabrizio Romano detailed the initial structure of the buyback options.
When Real Madrid sold the academy graduate to Como in 2024 for €6 million, they included a 50 percent sell-on right and three buyback clauses.
"When they sold him, they had three buyback clauses: €8 million this season, €9 million next season, and €10 million in 2027," Romano stated.
Prior to the activation, Paz expressed total satisfaction with his current environment in Italy. "Como and the player are waiting for the decision.
Nico Paz is very comfortable, very happy with Cesc Fabregas, and not in a hurry," Romano specified.
Following the formal notice sent by Real Madrid, Romano confirmed: "Real Madrid officially informs that they activate the €9 million buyback clause."
The creative arrangement gave Como a deadline until Monday, June 29, 2026, to finalize the repurchase transaction at the designated valuation.
Otherwise, the midfielder would hit the open market for a higher price.
Romano added that Como had the option to buy him for €60 million. Ultimately, negotiations concluded with an agreement that satisfies all parties.
"There is a closed agreement between Como and Real Madrid; they will buy the player definitively," Romano announced.
Future Control and Clauses
The final contractual framework ensures Real Madrid retains future control over Paz's career trajectory despite his permanent stay in Italy.
"It will be a total operation of €60 million. Real Madrid will keep a buyback clause for 2027," Romano detailed.
Under the new terms, Como has agreed to insert revised sell-on and buyback clauses set at significantly higher financial thresholds than the original 2024 agreement.
