
UEFA Champions League
Nico Paz is in the spotlight of big clubs, and a showdown is shaping up between Chelsea and Real Madrid for his future, motivated by buy-back clauses favoring the white club.
Real Madrid has an option to buy back Nico Paz for around 8-10 million euros at the end of the 2025-26 season. This clause makes the Argentine midfielder a strategic future bet.
Meanwhile, Como, the club where Paz plays, has rejected significant offers in previous seasons (such as Tottenham's for about €70M) knowing that Real Madrid could exercise the buy-back the following year.
Chelsea Wants to Sign Nico Paz
Chelsea has emerged in the past hours as a candidate to sign Nico Paz, in an attempt to preempt Real Madrid if they decide to activate their clause.
The Blues need young offensive talent, creativity in midfield, and Paz possesses attributes that interest them. However, the legal and economic clauses between Real Madrid and Como complicate the possibility.
Competition for Nico Paz
There is disagreement about Nico Paz's market value. While Como sees a figure above €70-80 million if a free auction were opened, Real Madrid would only pay the stipulated amount by the clause, limiting the margin for other clubs.

For example, Tottenham already tried to sign him for around €70 million, but Como rejected it knowing that Real Madrid could buy back Paz later, discouraging an immediate exit.
For Chelsea, obtaining Nico Paz would mean securing a talented player with youth and growth potential. However, Real Madrid's buy-back contract limits realistic options for the Londoners.
Furthermore, the player's position and his desire to return to Madrid at an appropriate time put him in a situation of waiting rather than urgency. He is likely to remain at Como until the clause can be exercised.
Nico Paz has become a clear target for Chelsea, who would consider his addition important, but the move doesn't seem straightforward. Real Madrid sees him as a strategic asset thanks to favorable clauses that would allow them to recover him at a fixed price.
Como would not enter into negotiations that limit that right. The possibility of an exit exists, but the legal and contractual structure strongly favors the white club. Paz could stay at Como until that moment, although expectations grow among clubs like Chelsea, who watch closely and hope to act if Real Madrid gives space.
This news is an automatic translation. You can read the original news, El Chelsea quiere adelantarse al Real Madrid y fichar a Nico Paz