Real Madrid's operation gains momentum: "we will find a way"
The move of Nico Paz to Real Madrid in the transfer market could gain traction
Nico Paz is back on the radar of the transfer market of Real Madrid. The latest statements from Carlalberto Ludi, sporting director of Como, have rekindled speculations about the possible return of the Argentine midfielder to the Santiago Bernabéu. The Italian executive has confirmed that the white club retains an option to reacquire him and has made it clear that both entities maintain an excellent relationship to manage any scenario.
«Nico Paz is 100% a Como player. Real Madrid retained a buy-back option until a certain date within the transfer window, as is customary. Even so, it would be a sale that would valorize our work. We have a great relationship with Real and we will find a way to manage the situation,» Ludi explained in statements to Radio Radio, reported by TuttoMercatoWeb.
🚨Como’s sporting director on Nico Paz: "Nico Paz is 100% a Como player. Real retained a buy-back option by a certain date within the transfer window, as is normal. It would still be a sale that would valorize our work. We have a great relationship with Real and we'll figure out how to manage the situation"
— Polymarket Sports (@PolymarketSport) November 6, 2026
The message has two interpretations. On one hand, Como asserts that the player currently belongs to their project and does not intend to lose him easily. On the other hand, it recognizes that Real Madrid retains a contractual tool to decide on his future. A circumstance that again brings the Argentine international closer to the possibility of returning to his former home.
Real Madrid holds the final word on Nico Paz
The contractual situation of Nico Paz was defined last summer. On June 29, 2026, Real Madrid officially announced an agreement with Como for the player to continue in Italy during the 2026-27 season. The statement also confirmed that the Madrid entity retained a unilateral buy-back option for the 2027-28 campaign.
The operation allowed Como to acquire the player's rights, in a deal valued by various media at 60 million euros, while Real Madrid reserved the possibility of recapturing him later. According to information published by AS and other media, this buy-back option would be set at around 80 million euros and could be executed in the summer of 2027.
Nico Paz 😮💨💎 #UCL https://t.co/kjd4O66KA7
— UEFA Champions League (@ChampionsLeague) November 6, 2026
Ludi's words confirm that the agreement remains in force and that Como is fully aware of the privileged position of the Spanish club. The sporting director does not speak of open negotiations or a decision made by Madrid, but he acknowledges that both entities will have to sit down to manage the situation when the time comes.
His performance is putting him back in the spotlight
The growth of Nico Paz in Italy explains why Real Madrid has not wanted to lose control over his future. The Argentine has become one of the major references in Cesc Fàbregas' team and is continuing the progression he showed during his previous seasons at Como.
His impact is also being felt in the Champions League. According to data published by Football Italia, the midfielder has three goals and five assists in his first four matches of the competition. This offensive production has boosted his valuation and attracted the interest of other major teams, including Chelsea, Manchester United, and Arsenal.
Real Madrid is still very much aware of his evolution. The white club knows his potential, his adaptation to elite football, and his ability to act in different midfield and attacking positions. His return would allow for the incorporation of a player trained in the Madrid academy, with experience in Italy, and still with room for growth.
A return that will depend on next summer
The statements of Carlalberto Ludi do not mean that Nico Paz's return is guaranteed, but they do strengthen the possibility that Real Madrid will consider him again in 2027. Como wants to enjoy its star during the current season and trusts that the good relationship between the clubs will facilitate any decision.
The key will be whether Madrid decides to exercise the option it reserved. The player, for his part, will have to assess what is the best scenario to continue his career. For now, Como insists that he is 100% theirs, but Real Madrid retains the contractual right that could bring Nico Paz back to the Bernabéu next summer.
This is an automatic translation. You can read the original news, La operación del Real Madrid gana enteros: "encontraremos la manera"