Tottenham Target Nicolás Paz, Real Madrid Clauses Complicate Move

Tottenham are interested in signing Nicolás Paz from Como, but Real Madrid’s buy-back clauses and Como’s stance make the deal complicated.
RayWrites
- August 23, 2025
Tottenham Hotspur have shown interest in signing Nicolás Paz, the highly-rated Argentinian attacking midfielder currently playing for Como. The 19-year-old, who operates primarily as a number 10, is regarded as one of the brightest young prospects in Europe and has been attracting attention from top clubs.
However, any deal for Paz will be extremely complicated. Como are determined to keep their star player and are not expected to consider offers in the €40-50 million range that some reports have suggested. A transfer would likely require a much higher fee to even open negotiations, given how important Paz is to the club’s long-term project.
The situation becomes even trickier because Real Madrid still maintain significant control over Paz’s future. The Spanish giants have multiple clauses in place, including three separate buy-back options, matching rights, and a 50% sell-on clause. This means any move would not only involve Como and the player’s representatives but also Real Madrid, making negotiations complex from both a financial and contractual perspective.
Paz’s importance to Como cannot be understated. He is seen as a key part of the project under head coach Cesc Fàbregas, who decided to remain at the club this summer partly because of guarantees that players like Paz would stay. Selling him now would go against those assurances and could disrupt the club’s progress.
For Tottenham, who are exploring options after missing out on other targets, the next few days will be crucial in deciding whether to push ahead for Paz or look elsewhere. One thing is clear: this will not be an easy deal to complete, and Spurs will need to navigate a complex web of negotiations if they hope to bring the Argentinian talent to North London.
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