Real Madrid have unexpectedly become extremely active in the transfer market. They have already confirmed the signing of Dean Huijsen after just three days of negotiations, Trent Alexander Arnold's contract is nearing completion bar Liverpool's delays, and Xabi Alonso is actively involved in the club's transfer strategy.
As previously reported by different media outlets, Madrid intend to sign a midfielder for next season, as the futures of Luka Modric and Dani Ceballos remain uncertain.
According to Diario AS, Los Blancos are seriously contemplating bringing back former star Nico Paz, who departed Santiago Bernabeu in 2024 to join freshly promoted Serie A club Como, where he has been tremendously impressive this season.
Real Madrid has the option of activating the buy-back clause in Paz's contract with Como, allowing them to acquire the talent for a pittance of 8 million Euros, which, in my opinion, is a bargain of a deal for a player as talented as Paz has been this season.
Nico Paz is not only Real Madrid future but also the present
Real Madrid have always bet on Paz for the future, but according to the source, the club likes him not only for the long term, but also for the present.
However, the operation will not be as swift as it was with Dean Huijsen. Madrid are in no hurry to sign Paz. For the time being, they are focused on the urgent tasks that must be completed in preparation for the Club World Cup.
Xabi demanded substantial defensive additions, and the majority of them were completed. Huijsen is sealed. Trent is almost there. Alvaro Carreras' name is also being mentioned as the future left-back for Los Blancos.
Paz, while heavily regarded, will have to compete with other targets that Xabi has his sights set on. Martin Zubimendi was a name, although he is more likely to transfer to Arsenal than Real Madrid. Florian Wirtz, once again, will be too costly and will only be considered if Madrid sell a key player for a good price, such as Rodrygo.
“Nico Paz is our player, we're constantly monitoring his development in Italy…we'll decide on his future at the end of the season", were the words of Carlo Ancelotti earlier this season.
Crucial weeks lie ahead.