Liverpool just pulled off one of the more interesting heists of the summer transfer window, activating Víctor Muñoz’s €40 million release clause at CA Osasuna and swiping a deal that most of the football world assumed was heading to Newcastle United.
The 22-year-old Spanish winger will sign a six-year contract at Anfield, keeping him on Merseyside until June 2032. Real Madrid, which sold Muñoz to Osasuna in 2025, retained first refusal rights on the player but chose not to exercise them. No buyback clause was triggered.
How Liverpool outmaneuvered everyone
The transfer, confirmed on June 17, is the kind of deal that makes sporting directors look like geniuses or fools depending on which side of the table you’re sitting on. Liverpool’s sporting director Richard Hughes and Fenway Sports Group’s Michael Edwards orchestrated the move, activating the release clause that was sitting in Muñoz’s Osasuna contract.
The €40 million fee, roughly £34.6 million or $46 million, will be paid in installments.
