Como 1907 and Real Madrid have struck a deal that keeps Nico Paz in Italy for at least one more season. The agreement allows the Argentine attacking midfielder to remain with Como for the 2026-27 season. Como will commit approximately €60M to retain Paz, while Real Madrid secures the right to buy him back at €80M the following summer. Real Madrid also holds a 50% sell-on clause for any future transfer involving the player.
Como pays €60M — a significant outlay for a club that only recently returned to Serie A. The €80M buy-back clause means Real Madrid can reclaim Paz for a €20M premium over what Como paid. If Como eventually sells Paz to another club for €120M, Real Madrid would collect €60M from that transaction via the sell-on clause.
For Como, the club has qualified for the Champions League, and Paz has been a central figure in their rise. Paz, whose full name is Nicolás Paz Martínez, is an Argentine attacking midfielder born in 2004 who emerged from Real Madrid’s youth academy. His performances in Italy have validated the hype that surrounded him during his time at the Bernabéu.
The €60M fee is substantial for a club of Como’s stature. Champions League revenue, combined with commercial visibility from Europe’s premier competition, changes the math considerably. Clubs that make the group stage can expect significant broadcasting and prize money, making the investment in Paz a bet that pays for itself if things go well.
The buy-back clause at €80M gives Real Madrid a clear pathway to bring Paz back. The risk sits with Como, who are paying €60M for a player they might lose for €80M in a year. Any offer another club makes to Como will be reduced by 50% via the sell-on clause before it reaches Italian pockets.
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