Nico Paz will remain at Como through January 2027.
The Argentine midfielder, a key figure in Como’s rise from Serie B to European competition, has personally chosen to stay in Italy, according to transfer expert Fabrizio Romano.
SOS Fanta reported that Real Madrid holds a €80 million option to repurchase Paz in the summer of 2027, but no such clause exists for the upcoming January transfer window. The 22-year-old has informed the Spanish club of his decision to continue his development with Como.
January Market: No Exit for Paz
The question of a January move for Nico Paz has been definitively answered. Paz’s presence is integral to Como’s campaign.
“Sgomberiamo il campo da equivoci: a gennaio non va da nessuna parte,” Romano stated, clearing the field of any confusion. The player’s desire to stay was a decisive factor. “Ha scelto lui di restare a Como almeno un altro anno e lo ha detto al Real Madrid, è una decisione sua,” Romano added, emphasizing that this was Paz’s own choice communicated directly to his parent club.
Real Madrid Holds a Summer 2027 Buy-Option
Real Madrid’s financial interest in Nico Paz is structured around a future buy-option, not a current transfer fee. Como paid a large sum to the Spanish club to secure the player, leaving Real Madrid with a single recompra window.
That window opens in the summer of 2027, with a fixed price of €80 million. FC Inter 1908 reports this figure includes adjustments from previous, lower options (€9 million for 2025, €10 million for 2026) and a “premio di valorizzazione” reflecting Paz’s elevated status after his stellar performances in Italy.
Como and Real Madrid Blocked Inter Milan Interest
Paz’s performances have not gone unnoticed by other European giants. Tuttosport reports that Inter Milan has pursued the player for two years, making persistent attempts to sign him. The Nerazzurri’s interest was not merely speculative; it involved direct contact, including a meeting between vice-president Javier Zanetti and Pablo Paz, Nico’s father, a former teammate of Zanetti’s with the Argentinian national team.
Despite these efforts, Inter’s pursuit was consistently blocked. The primary obstacle was the ironclad agreement between Como and Real Madrid. As Inter president Beppe Marotta stated publicly on March 11, 2026, “Il giocatore è di gestione del Como con il diritto di recompra del Real, quindi è un percorso abbastanza difficoltoso.” The club recognized the complexity of the deal and shifted its focus elsewhere, though interest has resurfaced.
Paz Contributes Goals and Assists in Champions League
FC Inter 190 traces his development: Carlo Ancelotti gave him his senior debut for Real Madrid on November 8, 2023, but it was his move to Como in the summer of 2024 that ignited his career.
Romano highlighted Paz’s impact in the Champions League, noting he has contributed 8 goals and assists in the competition this season, “nessuno più di lui” (more than anyone else).
Real Madrid Can Exercise a Buy-Clause in 2027
The immediate future is clear: Nico Paz will continue his career with Como. The next major checkpoint is the summer of 2027, when Real Madrid will have the option to exercise its €80 million buy-clause.
That decision will be influenced by multiple factors, including Paz’s continued development, Real Madrid’s midfield needs at that time, and any competing offers that might emerge. For now, the focus remains on his current role with Como, where he is helping to write a new chapter in the club’s history.
Worth a look
