Nico Paz explained: Why Como player is worth €120m to Real Madrid clause
Quick summary
An explainer on Nico Paz's situation at Como, detailing why his Real Madrid buy-back/option clause is valued at €120m.
Full article
Attributed to original sourceMore details are emerging on the imminent agreement allowing Nico Paz to stay at Como with a valuation of €120m, giving Real Madrid a buy-back option at €80m only for next year.
COMO, ITALY – APRIL 12: Nico Paz of Como 1907 scores 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) He has flourished at the Stadio Sinigaglia after coming up through the Real Madrid youth academy, where he was sold two years ago for €6m with a series of clauses.
This included one to buy him back this summer for €9m or retain 50 per cent of the future sale fee, which the Merengues decided to activate yesterday and plan to sell him on to another club.
However, they also gave Como until June 30 to use their priority lane to keep the player, which the Serie A side is eagerly working on to take.
Nico Paz worth €120m to Real Madrid and Como COMO, ITALY – MARCH 22: Nico Paz of Como 1907 celebrates after scoring their team’s fourth goal during the Serie A match between Como 1907 and Pisa SC at Giuseppe Sinigaglia Stadium on March 22, 2026 in Como, Italy. (Photo by Marco Luzzani/Getty Images) It is again a complicated and confusing situation, so Diario AS and Sport in Spain tried to clarify.
They state that Nico Paz has been given a valuation of €120m, so by paying €60m it would simply be for Como to purchase the other 50 per cent of the player.
At the same time, Real Madrid would be given another buy-back option worth ‘only’ €80m.
COMO, ITALY – OCTOBER 19: Como 1907 coach Cesc Fabregas and Nico Paz of Como 1907celebrate the victory at the end of the Serie A match between Como 1907 and Juventus FC at Giuseppe Sinigaglia Stadium on October 19, 2025 in Como, Italy. (Photo by Marco Luzzani/Getty Images) Sky Sport Italia insist that clause is only valid for the summer of 2027, but Real Madrid can still retain a right of first refusal.
The €60m is payable over four years, therefore avoiding Financial Fair Play penalties.
The Spanish sources are also eager to explain that Real Madrid are not in fact activating their buy-back option for €9m at all, they simply informed Como that it was a possibility, giving them time to work out an alternative.
So this is a brand new operation, Como buying 50 per cent of Nico Paz’s contract for €60m, with a new buy-back clause set at €80m.
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What happened
The piece breaks down the contractual arrangement between Como and Real Madrid regarding Nico Paz, a young attacking midfielder. It explains why the buy-back clause sits at €120m and the strategic reasons behind that figure. The analysis covers Paz's development at Como, his market value trajectory, and the clauses (buy-back, sell-on percentages) that link him back to Real Madrid. It serves as a profile/explainer rather than breaking news, contextualizing why both clubs structured the deal this way.
Chance analysis
Nico Paz is one of the most closely watched young talents in Italian football, and the €120m Real Madrid buy-back clause reflects both his potential ceiling and Madrid's loss-of-control pricing. For Como, the deal is a financial lifeline and a development showcase; for Real Madrid, it functions as a long-dated option on a player they developed. Prediction systems should note that any continued strong form at Como increases the likelihood of Madrid activating the clause or Como negotiating a higher permanent transfer fee.
Como retain a high-upside developmental asset under favorable Real Madrid-linked clauses; Real Madrid hold a capped but valuable long-term option on a promising attacker.
Monitor Nico Paz's goals/assists at Como — sustained output raises probability of Real Madrid buy-back activation or premium transfer.