Real Madrid’s €80m Buy-Back Clause for Nico Paz Explained After Como Heroics

FolioPitch.com – 22 October 2026 | The football world is abuzz with speculation surrounding Nico Paz, and the central question on everyone’s lips is simple: how much Real Madrid must pay to re-sign Nico Paz from Como. The answer, according to the terms of a carefully constructed agreement, is a fixed €80 million buy-back option that the La Liga giants can trigger next summer. That figure represents a significant increase from the €10m clause Real Madrid held just a year ago, a reflection of the Argentine’s remarkable rise in Serie A and on the European stage.

Paz, who joined Como on a permanent deal from Real Madrid in the summer of 2024, has developed into one of the most exciting attacking midfielders in Italy. His latest masterclass came in Como’s stunning 4-1 Champions League victory over Manchester United, a match in which the 22-year-old scored twice and provided an assist. That performance took his season tally to four goals and five assists in just 10 appearances across all competitions, further underlining why Real Madrid were so keen to retain a pathway back to the Santiago Bernabéu.

Understanding how much Real Madrid must pay to re-sign Nico Paz from Como requires a closer look at the sequence of deals that have defined his career. In the summer of 2024, the Merengues sold Paz to Como but inserted a modest €10m buy-back clause. A year later, Real Madrid opted not to activate that option. Instead, on June 29, 2026, the club released a statement confirming a new arrangement: Como would pay €60m to keep Paz for the 2026-27 season, while Real Madrid retained a unilateral buy-back option for 2027-28. That option is now valued at €80m.

The player’s own wishes played a decisive role in the structure of the deal. Real Madrid’s statement noted that the agreement was made at Paz’s request, allowing him to continue his development in Italy under less pressure than he would face in the Spanish capital. Yet the buy-back clause ensures that the Spanish giants remain in control of his future should they decide to bring him home. It is a smart piece of business that protects both parties: Como get to keep their star for at least one more season, while Real Madrid preserve a first-refusal-style route to reclaim one of their most promising academy graduates.

Paz is not the only former Real Madrid youngster thriving at Como. Centre-back Jacobo Ramon, who joined the Serie A side in 2025 for just €2.5m, also scored in the victory over Manchester United and has impressed with his composure at the back. Real Madrid hold a similar future buy-back option on Ramon, suggesting a broader strategy of selling academy talent with return clauses attached. This approach allows the club to generate immediate funds while keeping a safety net on players they believe could eventually reach the required standard.

For now, the focus remains on Paz and the question of how much Real Madrid must pay to re-sign Nico Paz from Como. The €80m figure is substantial, but in the context of modern transfer fees for a player of his age and talent, it could prove a bargain. Should Paz continue his current trajectory, his market value could easily exceed that sum within a year, making the buy-back clause an increasingly attractive proposition for the Real Madrid hierarchy.

There is also the matter of competition. Paz’s performances in the Champions League are unlikely to have gone unnoticed by Europe’s elite clubs. However, the buy-back option gives Real Madrid a decisive advantage, as they can match or pre-empt any rival approach by simply triggering the clause. The ball, quite literally, is in their court.

From a tactical perspective, Paz would offer Real Madrid something they have occasionally lacked in recent seasons: a creative, left-footed attacking midfielder capable of operating between the lines and contributing goals from deeper positions. His two-goal display against Manchester United showcased not only his finishing but also his movement and link-up play, qualities that would fit seamlessly into the club’s possession-based philosophy.

Como, for their part, will be determined to enjoy Paz’s talents for as long as possible. The €60m they paid to retain him last summer was a statement of intent, and the club’s ambitious project under their current ownership continues to attract attention. Qualifying for the Champions League and competing against teams like Manchester United is a sign of how far they have come, and Paz is central to that progress.

As the 2026-27 season unfolds, the speculation will only intensify. Every strong performance from Paz will be accompanied by reminders of how much Real Madrid must pay to re-sign Nico Paz from Como. The €80m clause is a fixed number, but its significance is anything but static. It represents a potential bargain, a strategic safeguard, and a looming decision that could shape the futures of three clubs and one exceptional player.

In conclusion, the answer to the question of how much Real Madrid must pay to re-sign Nico Paz from Como is clear: €80 million, payable next summer under the terms of the buy-back agreement signed in June 2026. Whether Real Madrid choose to activate that clause remains to be seen, but what is certain is that Nico Paz has become a player of genuine consequence in European football. His journey from Real Madrid’s academy to Serie A stardom, with a Champions League statement performance along the way, is a testament to his talent and determination. For Real Madrid, the clause is a luxury they will be glad to hold; for Como, it is a reminder that their prized asset may one day return to the Spanish capital. And for Paz himself, it is further proof that the football world is watching closely, ready to see where his remarkable story goes next.