Real Madrid is playing hardball with Como over the future of Nico Páz, and the Italian club has until Monday to decide whether it wants to pay €60 million to keep the Argentine midfielder. If Como doesn’t pull the trigger, Páz heads back to the Bernabéu, and the Serie A side walks away with a €10 million consolation prize.

The deal structure, explained

Real Madrid sold Páz to Como for €6 million back in August 2024. The deal included a buy-back clause worth approximately €9-10 million, giving Madrid the option to reclaim the player at a fraction of his market value.

The June 29, 2026, deadline is the key date. Como can lock in Páz permanently by agreeing to the €60 million price tag. If they don’t, Real Madrid activates the buy-back, brings Páz home for roughly €10 million, and then explores the open market where his price could climb even higher.

Transfermarkt currently values Páz at €65 million. So if Madrid reacquires him for €10 million and flips him for anything close to market value, the math works out spectacularly well for the Spanish club. In that scenario, Como would receive €10 million as part of the arrangement.