Story perspectives

Como Secure Nico Paz for €60 m, Madrid Retains Buy-Back

6/27/2026

Summary

Paz Signs

Como have agreed to sign Nico Paz (Argentina midfielder) from Real Madrid for €60 million.
Real Madrid triggered a €9 million buy-back clause, kept an €80 million option and a sell-on clause.
Paz, 21, recorded 12 league goals and six assists, helping Como secure a top-four finish and Champions League spot.
Despite Tottenham Hotspur interest, Como will keep Paz, whom coach Cesc Fàbregas built the team around, with transfer expected to close soon.

Summary

Madrid Funding Needs

Real Madrid needs cash for coach José Mourinho’s signings, prompting a Luca Paz buy-back.
Madrid spent €55 million on defender Marc Cucurella, expects €20 million for full-back Denzel Dumfries and eyes midfielder Enzo Fernández for £120 million.
FIFA’s 16-week bridge-transfer rule prevents a quick resale of Paz after the repurchase.
AS reports Madrid may use Paz as a €70 million swap for defender Alessandro Bastoni.
Como’s €60 million payment strains its Financial Fair Play capacity.

History

Historical Context

On 21 June 2016 Real Madrid exercised a €30 million buy-back clause to bring striker Álvaro Morata back from Juventus, a move that highlighted the club’s willingness to spend heavily under Florentino Pérez’s Galácticos era. A decade later, on 16 June 2026 Como activated a similar option for Morata, showing how buy-back mechanisms have become a recurring strategy that clubs must balance against Financial Fair Play scrutiny.

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Paz Signs

Como have agreed to sign Nico Paz (Argentina midfielder) from Real Madrid for €60 million.
Real Madrid triggered a €9 million buy-back clause, kept an €80 million option and a sell-on clause.
Paz, 21, recorded 12 league goals and six assists, helping Como secure a top-four finish and Champions League spot.
Despite Tottenham Hotspur interest, Como will keep Paz, whom coach Cesc Fàbregas built the team around, with transfer expected to close soon.

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