Over the last several days, speculation has intensified regarding Real Madrid’s intention to bring back one of their most promising former academy players, Nico Paz, who is currently shining in Serie A with Como.
Reports from multiple outlets initially suggested that Los Blancos were considering an immediate move to re-sign the Argentine midfielder as early as the upcoming January transfer window.
However, those claims have now been contradicted by several highly reliable sources, who insist that Real Madrid are not planning a winter arrival.
Instead, the club’s long-term strategy is much clearer: Real Madrid are preparing for Nico Paz to return in the summer of 2026.
That is when they are expected to activate their buyback option, bringing the young talent back to the Santiago Bernabéu two years after he first left in search of regular first-team football in Italy. This timeline aligns with the club’s broader squad planning and their confidence that Paz will be ready to take the next major step in his career by then.
According to an update shared by Fabrizio Romano and relayed by Madrid Xtra, personal terms between Real Madrid and Nico Paz are already “practically agreed.” In other words, the player has made it completely clear that he wants to return, and there are very few—if any—details left to negotiate.
The midfielder has reportedly given his full approval to the move and is eager to wear the Real Madrid shirt again. Sources close to the player say that Real Madrid is not just his preferred destination but his first, second, and third choice. Unless something unexpected occurs, the path for his return seems straightforward.
Real Madrid’s current buyback clause for Paz stands at just €10 million, a figure established before he enjoyed his impressive rise at Como. Given how much his value has grown, it is anticipated that Real Madrid will pay more than the base clause as a gesture of fairness and to maintain their excellent relationship with the Italian club.
This revised fee will likely be negotiated in a meeting scheduled soon between the two sides, where they aim to settle any financial details early to prevent confusion or delays later on.
All signs now point toward a highly anticipated reunion. Nico Paz appears set to make a grand comeback to Real Madrid, returning as a more mature, refined, and experienced footballer.
The club sees him as a piece of their future, and fans are already looking forward to welcoming back a player who once represented one of the academy’s brightest hopes.
