Como to buy Nico Paz back from Real Madrid for €60m, shocking Inter
Quick summary
Como are set to exercise their option to sign Nico Paz from Real Madrid for €60m, a move that reportedly catches Inter off guard as they were also interested in the Argentine playmaker.
Full article
Attributed to original sourceComo are using their option to buy Nico Paz back from Real Madrid for €60m, claim Sky Sport Italia, with the Spaniards adding a new €80m buy-back clause, leaving Inter heartbroken again.
COMO, ITALY – JANUARY 24: Como 1907 coach Cesc Fabregas issues instructions to his player Nico Paz of Como 1907 during the Serie A match between Como 1907 and Torino FC at Giuseppe Sinigaglia Stadium on January 24, 2026 in Como, Italy. (Photo by Marco Luzzani/Getty Images) The forward is a product of the Real Madrid youth academy and was sold to Como for €6m in August 2024.
There were different buy-back clauses included in the deal, going from €9m in 2026 to €11m in 2027.
Real Madrid decided to activate it this summer , but also have no real intention of keeping the 21-year-old, intending to sell him at a massive profit of circa €70m.
Nico Paz eager for Como stay COMO, ITALY – APRIL 12: Nico Paz of Como 1907 celebrates after scoring their team’s second goal during the Serie A match between Como 1907 and FC Internazionale at Giuseppe Sinigaglia Stadium on April 12, 2026 in Como, Italy. (Photo by Marco Luzzani/Getty Images) Inter were considered the favourites , pooling their investment after losing the transfer race to Chelsea for Marco Palestra, but Como have considerably more liquidity.
According to Sky Sport Italia transfer expert Gianluca Di Marzio , Como are now putting together their own offer to buy Nico Paz back after Champions League qualification.
As part of the original agreement, they have preferential treatment until June 30 to buy him for just €60m, regardless of Inter competition.
It was even put forward as a basic agreement on Thursday in the meeting.
Sky Sport Italia also claim that Real Madrid would prefer this, because they could introduce another buy-back option set at €80m for the future.
Nico Paz seems to have his heart set on continuing with Cesc Fabregas at the Stadio Sinigaglia too, as he posted an Instagram Stories clip where he was wearing a Como hat when training with Argentina for their next World Cup match against Jordan.
He flourished this season at Como with 13 goals and eight assists in 40 games between Serie A and the Coppa Italia, where they reached the semi-finals.
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What happened
Como, the ambitious Serie A side, are preparing to activate a clause to bring Nico Paz back into their squad permanently from Real Madrid for a fee of €60m. Paz, who has been one of the breakthrough stars in Serie A, was previously on loan at Como from Real Madrid. The deal, if completed, would be a statement of intent from Como's ownership and would reportedly stun Inter, who were believed to be tracking the Argentine midfielder. Real Madrid are expected to retain a buy-back clause as part of any permanent transfer, protecting their long-term interest in the player.
Chance analysis
This is a significant move in the Serie A transfer market. Como securing a €60m deal for Nico Paz signals serious financial ambition and locks in one of the league's most exciting young playmakers. For Inter, missing out on a top target weakens their midfield options and may force them to pivot to alternative targets. For Real Madrid, this is essentially a structured loan-with-future-buy-back, similar to their model with other youth assets. Tactically, Paz's creativity in the final third boosts Como's attack significantly and makes them a more dangerous side next season.
Como gain a €60m creative talisman and a long-term attacking anchor; Inter lose out on a primary midfield target; Real Madrid lose a sale option but likely retain a buy-back clause.
Como's attacking output and creative production will rise if Nico Paz is signed permanently; Inter's midfield planning requires an alternative target.