Nico Paz has emerged as one of the most sought-after midfielders in European football following standout performances for Como in both Serie A and the UEFA Champions League, fichajes.net reported.
The Argentine international is tied to the Italian club by a contract running until June 2028. However, his long-term future remains tied directly to Real Madrid, the club where he developed in the Valdebebas academy.
Real Madrid retains a buyback clause fixed at 80 million euros, alongside the right to receive 50 percent of any future transfer fee, according to information published by the newspaper As on Nov. 12, 2026.
Paz has recorded six goals and eight assists across 14 official appearances in Italian and European competition during the 2026/27 campaign. His impact is most pronounced in the continental tournament, where he leads the league phase in direct goal involvement with three goals and five assists.
That output has prompted scouting departments at several major continental clubs to compile urgent recruitment dossiers ahead of the 2027 transfer windows.
Emissaries from Arsenal, Manchester United, Chelsea, and Paris Saint-Germain are scheduled to intensify contact with Paz’s representatives and Como’s board during the first weeks of December 2026.
Arsenal manager Mikel Arteta has identified the playmaker as a creative option who can arrive from deep positions, viewing him as a potential successor to Martin Odegaard at the Emirates Stadium.
At Manchester United, the sporting direction sees the midfielder as a central figure to support a squad rebuild, identifying him as a long-term option to eventually succeed Bruno Fernandes.
Chelsea manager Xabi Alonso has requested direct tracking of the attacking midfielder to add unpredictability and final-pass capability to a squad that already includes Joao Pedro, Cole Palmer, and Morgan Rogers at Stamford Bridge.
Meanwhile, Paris Saint-Germain technical staff are monitoring his progress as a strategic opportunity to add young talent to Luis Enrique’s attacking rotation.
Real Madrid’s leadership is evaluating whether to trigger the 80 million euro preferential buyback option to bring the player back to the Santiago Bernabéu or allow him to move to an interested bidder while collecting half of the total sale proceeds.
Once Real Madrid communicates its stance on exercising the right of first refusal, the ensuing transaction is expected to shape the European transfer market in 2027.
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