Nico Paz will not return as a Real Madrid player this summer as Florentino Pérez has pulled off a brilliant maneuver. The Real Madrid president confirmed that the buy-back option for the player would be executed, but Como 1907 has decided to negotiate with the Madrid side to buy the Argentine for 60 million euros.
The Argentine has excelled in Italy, strengthening the notion that his comeback was a market opportunity. However, the player has changed his stance and prefers not to land in José Mourinho's new project now, fearing a lack of prominence that he enjoys in Serie A.
Nico Paz does not want to return to Real Madrid yet
During the season, the plan seemed clear: trigger the buy-back clause and bring Nico Paz back to the Bernabéu. The situation shifted when the player's entourage communicated that his desire was to continue growing elsewhere for at least another season before vying for a spot in LaLiga.
This shift has forced a reconsideration of the scenario. Real Madrid wanted his return now, but also understands that forcing a comeback without conviction could be counterproductive. Therefore, they have presented the Italian club with a proposal more complex than a straight buy-back.
The idea is for Como1907 to acquire the percentage of rights still held by the Madrid entity. For this share, the Whites ask for 60 million euros, valuing the player at around 120 million eurosand safeguarding their sporting asset.
🚨🔵⚪️ EXCLUSIVE: Como agree deal with Real Madrid to BUY Nico Páz on permanent move, here we go! 💣🇦🇷
Agreement reached as Como will re-buy Nico Páz from Real Madrid.
Nico wanted to stay at Como.
ℹ️ Real Madrid will keep control on Nico and mantain BUY BACK CLAUSE. ⚪️🫱🏻🫲🏼 pic.com/1CvwZ194Tk
— Fabrizio Romano (@FabrizioRomano) June 26, 2026
Como1907 signs him, but Real Madrid controls the future
The key is that the operation would not entail a definitive loss of control. The plan envisions that Nico Paz can remain in Italy but with a unilateral rescue option for 2027 at a figure exceeding 60 million euros, close to 80 million euros.
This nuance alters the interpretation. It's not about selling the player below his value but securing a path for his return if he continues to evolve. Additionally, if the buy-back is not exercised, the White club will retain a right of first refusal.
In this scenario, Inter Milan emerges, monitoring the Argentine. However, FIFA regulations prohibit bridging operations, leaving no room to repurchase Nico Paz and immediately transfer him in the same window.

LaLiga awaits a talent who is not ready to return yet
The player's wish weighs heavily. Nico Paz understands he needs consistency, minutes, and responsibility, more guaranteed in Italy than in a squad with fierce competition. His priority is not to break with Madrid but to choose the right moment.
Real Madrid's planning also influences. The plans involve providing space for Bernardo Silva and welcoming Paz to LaLiga later, when a genuine vacancy arises in the squad.
If Como1907 agrees, the Argentine will continue for another year in Serie A with a soaring valuation and Madrid observing every move. Without an agreement, the White entity could trigger the rescue this summer.
Nico Paz awaits a definitive response
The case of Nico Paz is not a simple sale or a sporting renouncement but a market engineering operation: protecting an investment, considering the player, and preventing a distinctive talent from escaping without a clear path to return.
Meanwhile, Nico Paz remains at the center of a multifaceted game. He is currently in Italy, his value increasing weekly, and his future intertwined with Madrid. The ultimate decision could shape part of the White's project.
This news is an automatic translation. You can read the original news, YA ES OFICIAL: El Real Madrid vende a Nico Paz definitivamente