Real Madrid made the decision to let Nico Paz transfer to Como at a price of €6 million in August 2024. As the 21-year-old Argentine forward now enjoys a market valuation around €80 million, he shows no desire to return to Madrid. His preference hinges on consistent playing time and the promise of growth within the Serie A project at Como.
Paz has expressed his intent to remain for the 2026-27 season as he thrives under coach Cesc Fàbregas, steadily establishing himself as a notable talent in Serie A. While Real Madrid retains a buyback option for Paz, estimated to be between €8 million and €9 million, the player’s commitment to his current club remains firm. If Madrid chooses not to exercise the buyback clause, they face the potential loss of a significant opportunity regarding his future.
Is the buyback option a financial dilemma?
Como acquired Paz for €6 million. With a buyback set at approximately €8 million to €9 million, Madrid could reacquire him at about one-tenth of his current market value. Nevertheless, the player’s disinterest in returning complicates the scenario. As discussions persist into mid-June 2026, Madrid has yet to make a definitive decision regarding the buyback option.
Additionally, part of the original deal also ensures that Real Madrid receives a 50% stake in any future sale of Paz. This means that even if Como manages to sell Paz for a considerably larger fee in the future, Madrid would profit from that transaction, even if they do not bring him back.
Why is Como a good fit for Paz?
At Como, Paz enjoys regular playing time and continues to develop under the guidance of Fàbregas. His performances have not only illuminated his talent but have also led to his nomination for the Serie A Team of the Season. Paz’s ambition includes aspirations of competing in the Champions League. Como's growth trajectory indicates that European competition might not be a distant dream, especially considering advancements made since the Hartono brothers acquired the club through Djarum Group.
What does this mean for Real Madrid and Como?
For Real Madrid, the 50% stake in any future sale creates a safety net for ongoing financial gain from Paz’s potential move. However, the buyback clause will expire after this summer if not acted upon.
Should Madrid forgo the buyback option, it opens the door for other clubs to pursue Paz, which would force Como to balance the opportunity for a lucrative sale against the necessity to keep their standout player and pursue a spot in European competition.