Nico Paz has made a significant impact since his transfer to Como in August 2024, showcasing his talent in Italy’s Serie A. The 21-year-old attacking midfielder has quickly established himself as a key player for the Lombard club, scoring six goals and providing nine assists in 35 league appearances last season. As the 2025-2026 campaign unfolds, Paz continues to impress, already netting four goals and assisting four times in just 11 matches. His rapid ascent is remarkable, especially considering he was still finding his footing between Real Madrid‘s Castilla and sporadic appearances with the first team under Carlo Ancelotti just two years ago.
Paz’s performances have not gone unnoticed, with clubs like Tottenham and Inter Milanef=”/club/ac-milan/”>Milan expressing interest over the summer. However, the Argentine has made it clear that his only intention is to return to Real Madrid. The club has been contemplating a potential buy-back option for the summer of 2025, having secured a clause that would allow them to re-sign him for €8 million—an amount that pales in comparison to his current market value of €55 million as per Transfermarkt.
Real Madrid’s Strategic Move
The opportunity for Real Madrid to bring back their former talent at such a low price is attributed to their well-planned strategy known as the “Via Carvajal.” This approach mirrors the club’s successful reacquisition of Dani Carvajal in 2013 after he was sold to Bayer Leverkusen. The agreement with Como included specific buy-back clauses, a right of first refusal, and a stipulation for notification in case of external offers. As a result, Madrid could potentially secure Paz for €9 million next summer or €10 million by 2027.
Recent reports from The Athletic indicate that discussions are already underway regarding renegotiating these clauses, underscoring Paz’s rising profile and importance in Italian football. Currently thriving at Como, he is not only developing his skills but also preparing for the upcoming 2026 World Cup with Argentina, having been regularly called up by national coach Lionel Scaloni since October 2024.
What Lies Ahead for Nico Paz?
As Nico Paz continues to shine on the pitch, many are left wondering if he can maintain this upward trajectory. With the addition of players like Trent Alexander-Arnold and others at Real Madrid, the club has opted to hold off on bringing him back until next summer. Nevertheless, if he keeps delivering standout performances in Serie A, his return could become one of the most anticipated storylines of the upcoming transfer window.
In conclusion, Nico Paz’s journey from Castilla to becoming a vital player in Serie A has set the stage for what could be an extraordinary return to Real Madrid. Will he continue to impress enough to secure a prominent role upon his return? Time will tell.


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