Nico Paz explained: Why Como player worth €120m, Real Madrid clause limit
More details are emerging on the imminent agreement allowing Nico Paz to stay at Como...
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Nico Paz explained: Why Como player worth €120m, Real Madrid clause limit
By Susy Campanale
Jun 26, 2026 13:59
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COMO, ITALY - FEBRUARY 07: Nico Paz of Como 1907 looks o during the Serie A match between Como 1907 and Juventus at Stadio G. Sinigaglia on February 07, 2025 in Como, Italy. (Photo by Marco Luzzani/Getty Images)Facebook WhatsApp Twitter Reddit Email Share
More 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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By Susy Campanale
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