Inter ready €58m Nico Paz offer but Real Madrid buy-back option poses massive stumbling block in pursuit of Como star

Inter are ready to make a statement in the upcoming transfer window by launching a €58m (£49m/$63m) bid for Nico Paz, the 21-year-old Argentine midfielder who has become one of Serie A’s brightest stars. Paz has impressed under Cesc Fabregas at Como, registering four goals and four assists in just seven matches, form that has attracted major European attention.

The Nerazzurri see Paz as an ideal long-term partner for Lautaro Martinez and are eager to bring him to the San Siro. According to report from TyC Sports, Inter have already opened talks with the player’s entourage and are confident he would be open to a move. However, the situation is far from simple, as Real Madrid retain significant leverage in any future deal.

Los Blancos still hold both a €9m buy-back clause, valid until June 2026, and a 50% sell-on clause for Paz, making them central to any negotiations. The midfielder left Madrid in 2024 after finding limited first-team opportunities, but his rapid rise in Italy has not gone unnoticed in Spain.

Madrid's rights to his transfer could block the deal, as Los Blancos could either re-sign him or negotiate from a position of strength. Real’s management, reportedly are monitoring the situation closely and have not ruled out bringing Paz back to the Santiago Bernabeu next summer, depending on the squad’s evolution.

For Madrid, Paz’s success presents a pleasant but complex dilemma as Los Blancos could easily trigger their buy-back clause for a fraction of his current market value, yet doing so would add another midfielder to a squad already stacked with talent, including Jude Bellingham, Fede Valverde. But having so many options available already could make Madrid hesitant to bring Paz back immediately, although they would still benefit financially from any transfer thanks to their 50% sell-on clause. 

Under Fabregas, Como have become one of Serie A’s most tactically ambitious sides, and Paz has flourished in a system that allows him to express his creativity and composure on the ball. Fabregas’ mentorship has been key to Paz’s transformation from a promising academy product to a complete playmaker with vision, tempo control, and attacking precision.

While Inter remain determined, the balance of power lies firmly with Real Madrid and the player himself. Unless the Nerazzurri can convince Paz to commit to Milan before Madrid act, their €58m pursuit may never materialise. 

Meanwhile, Como continue their impressive Serie A campaign, as they sit sixth, just one point behind Bologna in the table after a stunning 2-0 win over Juventus, led by another masterful display from Paz. As Inter weigh their next move and Real Madrid watch from afar, one thing is certain, Paz’s future is fast becoming one of European football’s most fascinating transfer sagas.