After a season that has fallen well below expectations, Real Madrid have begun laying the groundwork for a crucial rebuild and the first major decision has already been made.
According to recent reports from AS, the club has decided to bring back Nico Paz from Como, activating the buy-back clause included in his original transfer.
It is a move that signals both urgency and intent as Madrid look to address one of their most evident weaknesses this season – the midfield.
Before diving into the details, it is important to understand the context behind this decision.
Real Madrid’s struggles throughout the campaign have not just been about results, but about control in the centre of the pitch.
The lack of consistency, creativity, and balance has been evident in key matches, prompting the club’s hierarchy to prioritise reinforcements in that area.
The 21-year-old has spent the past two seasons developing in Italy, gaining valuable experience and establishing himself as a reliable performer at senior level.
His growth at Como has not gone unnoticed in Madrid, where he is now viewed as ready to take the next step.
Real Madrid will bring back Nico Paz. (Photo by Alessandro Sabattini/Getty Images)
The financial structure of the deal makes the decision even more straightforward.
When the Argentine left Real Madrid in the summer of 2024, the club ensured they retained significant control over his future.
He was sold for just over €6 million, but Madrid included a buy-back clause set at €9 million, a relatively modest figure given his development.
That clause remains valid until May 30, giving the club a clear window to act. Additionally, Madrid secured 50% of any future transfer fee.
Crucially, Como have already been informed of Madrid’s intention to bring Paz back.
Relations between the two clubs remain strong, which has helped facilitate a smooth process. In fact, this growing partnership could continue beyond this deal.
Under Cesc Fabregas, Como have become a trusted destination for Madrid’s young talents.
Players like Jesus Fortea and Daniel Yanez are already being considered as potential candidates to follow a similar development path.
For Madrid, bringing back Nico offers a cost-effective, low-risk solution to a clear problem, which is likely to aid them in the 2026/27 season.