Arsenal’s reported interest in Nico Paz has not gone away, and the Nico Paz buy-back clause at Real Madrid remains the key detail as this story stands on 3 October 2026. Paz is still a Como player. Nothing has changed there since our last look at this story.
Real Madrid still hold a buy-back option for 2027/28, and that single fact continues to frame everything written about his future. Arsenal are reportedly watching his progress, though no move, offer or contact with Como has been confirmed by either club.
Existing section 1: Arsenal’s reported interest
Reports linking Arsenal with Paz have been consistent for months, and that has not changed. He remains contracted to Como, with no alteration to his club situation. Arsenal are reportedly watching his progress, as set out in our earlier Nico Paz report.
No January move has been confirmed by anyone at Arsenal. Neither club has made a public statement on the matter, and supporters are left with reported interest rather than anything firmer.
Existing section 2: Real Madrid’s buy-back position
Real Madrid retained a unilateral option to buy Paz back for the 2027/28 season when they sanctioned his move to Como. The clause belongs to Madrid alone. Como and any other interested club have no say in whether it gets used.
Real Madrid’s official announcement of the transfer acknowledged the agreement with Como but did not publicly disclose a buy-back valuation. That gap has left plenty of room for outside estimates, none of which either club has confirmed.
Existing section 3: What has not been confirmed
Several details reported elsewhere have not been confirmed. There is no confirmed formal offer from Arsenal, no confirmed negotiation, and no confirmed approach to Como.
The same applies to the figures attached to the clause. What is not confirmed, despite widespread reporting elsewhere, is a specific figure of €80 million or £69 million attached to that clause. Those numbers remain estimates until Madrid or Como say otherwise.
Nico Paz buy-back clause explained
The Nico Paz buy-back clause is the unilateral option Real Madrid kept for themselves when they sold him to Como. It allows Madrid to re-sign Paz for the 2027/28 season without needing Como’s consent, so long as Madrid meet the clause’s own terms.
Madrid control both the timing and the decision. Como’s role, if the clause is triggered, is simply to accept it. No public valuation has ever been attached to the clause by either club, despite reports elsewhere naming figures as high as €80 million. Until Madrid confirm a number, the real cost of triggering it stays unclear, and that uncertainty sits at the heart of any reported Arsenal interest.
What happens next
The buy-back window does not open until the 2027/28 season, so there is no immediate deadline attached to Paz’s situation. Arsenal’s reported interest gives supporters something to follow, but little changes until Madrid act or a club makes contact with Como.
Arsenal have had plenty else to occupy them in the meantime, from our Brighton analysis to the Brighton line-up reveal and the Ipswich team news. For the full background on how the Paz story developed, read our original Nico Paz report.
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