Real Madrid are set to bring back rising Argentine star Nico Paz after reportedly deciding to activate the midfielder’s buyback clause from Como 1907 ahead of the 2026-27 season. 

The Spanish giants have informed the Serie A side of their intention to re-sign the talented playmaker, who has enjoyed a breakthrough campaign in Italy since leaving Madrid in 2024.

According to reports from Spain, the deadline for Real Madrid CF to trigger the buyback option is May 30, although club president Florentino Perez and the Madrid hierarchy are keen to complete the move well before then. 

Club officials reportedly believe the upcoming season is the ideal moment for Paz to rejoin the first-team setup at the Santiago Bernabeu after his rapid development abroad.

Paz has emerged as one of the standout young talents in Italian football under the guidance of former midfielder Cesc Fabregas. 

The Argentine midfielder has delivered an impressive return of 13 goals and eight assists in 37 appearances across Serie A and the Coppa Italia, becoming a central figure in Como’s tactical system and attracting widespread praise for his maturity and creativity.

His performances have also elevated his international profile, with Paz earning recognition alongside Lionel Messi in the Argentina national team setup. 

Real Madrid’s scouting department is believed to be highly impressed not only by his technical quality but also by the composure and leadership he has displayed throughout the campaign. 

Club executives reportedly see the buyback fee as excellent value given his rapid rise in European football.

While Como are aware they could soon lose one of their key players, relations between the Italian club and Real Madrid remain strong. 

Both clubs have developed a productive partnership focused on nurturing young talent, with Madrid viewing Como as an ideal environment for academy prospects to gain top-level experience. 

Discussions have already taken place regarding future deals involving promising Madrid youngsters.