Real Madrid Holds £67m Buy-Back for Nico Paz
Real Madrid can trigger the buy-back clause for Como midfielder Nico Paz in the summer 2027 transfer window.
Updated on Nov. 6, 2026 in Soccer
Real Madrid holds a £67m (€80m) buy-back clause for Nico Paz, which can be exercised in the summer 2027 transfer window, according to reporting by Fabrizio Romano. Paz left Real Madrid in summer 2024 to join Como, where he has scored six goals and provided eight assists in 13 matches this season.
Why it matters
The clause gives Real Madrid a defined route to reclaim a 22-year-old playmaker whose market value is expected to rise, while Paz has already refused an earlier return to continue his development. The outcome could shape Real Madrid's attacking midfield planning, where Jude Bellingham and Arda Guler already operate.
The £67m (€80m) buy-back figure is set against the £55m (€66m) Como paid for Paz, showing a value gap of roughly £12m. Whether Real Madrid will exercise the clause in summer 2027 has not been decided.
The players
Nico Paz
Argentine midfielder, 22, who has been developing at Como after leaving Real Madrid.
Real Madrid
Spanish football club based in Madrid that holds the buy-back clause on Paz.
Como
Italian Serie A club that signed Paz and currently holds his contract.
Fabrizio Romano
Transfer journalist who reported the buy-back clause terms and its summer 2027 timing.
The details
Paz, 22, has played eight senior matches for Real Madrid and left the club in summer 2024 for Como. He declined a return in summer 2025 and held a video call with Jose Mourinho about staying at Como to continue his development under Cesc Fabregas.
Timeline
Summer 2024: Paz leaves Real Madrid to join Como.
Summer 2025: Paz refuses to return to Real Madrid and speaks with Mourinho.
Summer 2027: Real Madrid's buy-back clause for Paz becomes exercisable.
Season Trajectory
Real Madrid's practice of retaining buy-back options on departing young players is extended here to a midfielder whose value at Como is rising. The clause places a potential return in the summer 2027 window, a point that will shape squad planning in the years ahead.
For fantasy and dynasty managers, Paz's six goals and eight assists in 13 matches show current output at Como. The clause timing means any move would fall in a single defined window in summer 2027.
The takeaway
A buy-back clause gives a selling club a fixed, pre-agreed route to recover a player, and the summer 2027 window is the point to watch for Paz's next move.
What happens next
Real Madrid's buy-back clause for Nico Paz becomes exercisable in the summer 2027 transfer window.
Further reading
For more on how clubs structure these deals, see Soccer coverage.
