Paris Saint-Germain has identified Como midfielder Nico Paz as a primary target for the upcoming summer transfer window, according to Foot01.

The 22-year-old Argentina international has emerged as one of the most exciting creators in Serie A, drawing intense interest from the Ligue 1 champions. Paris Saint-Germain manager Luis Enrique and sporting director Luis Campos have monitored the former Real Madrid player’s development closely over the last two seasons, Foot01 reported.

Paz has impressed on the European stage this season, registering three goals and five assists in four UEFA Champions League matches, as reported by Goal.com. His standout performances include a two-goal display and an assist during Como’s historic 4-1 victory against Manchester United.

Despite strong interest from Paris, securing the midfielder’s signature remains complicated. Real Madrid retains a preferential buyback option set at approximately 80 million euros, which becomes active during the summer transfer window, according to details reported by Foot01.

Como Clarifies Transfer Reality

Como sporting director Carlalberto Ludi addressed speculation about the player's contract and whether he will stay at the Santiago Bernabéu. Ludi confirmed that while the Italian club owns the player outright, Spanish giants retain a specific mechanism to reclaim him.

“The truth is that we concluded an excellent operation last year,” Carlalberto Ludi told Tutto Mercato, as reported by Goal.com. “Nico Paz is a player of Como at 100 percent. But Real Madrid retains the right to buy him back until a specific date and within the framework of the transfer window, which is completely normal in this type of contract.”

Ludi also said that the club anticipates persistent rumors concerning their young star, comparing the situation to previous speculation surrounding defender Jacobo Ramón. “Every November and every mars, and I don’t know if this speculation is media-driven or for other reasons, the reports come out to claim that Real Madrid is bringing all the players home,” Ludi said, as reported by Goal.com.

Paz Valuation Involves Buyback Clauses and Interest from Major Clubs

Financial discussions surrounding Paz have involved varying figures across European sports media. While the buyback clause is widely cited around 80 million euros, reports from outlets such as Yahoo Actualités note that Como initially acquired the player for 60 million euros, which effectively adjusts the net cost for any potential repurchase by Madrid.

In addition to Paris Saint-Germain and Real Madrid, Premier League clubs including Chelsea, Manchester United, and Arsenal have monitored the playmaker’s rapid rise in Italy, according to Goal.com. Meanwhile, El Nacional reported that Paris could potentially structure an ambitious package involving player exchanges to convince Como to sell, though those specific terms remain unverified speculation.

Real Madrid Buyback Clause Status

The decisive factor in any potential transfer rests entirely with Real Madrid’s willingness to exercise their option to repurchase Nico Paz. Because Arda Güler has established himself as a key player for Real Madrid early in the season, some sources suggest the Spanish club might not activate their option, which could allow Paris Saint-Germain to intensify its approach to Como.

“If, and only if, Real Madrid decided not to activate its buyback option and the other contractual rights did not pose an obstacle to a sale, PSG could then intensify its approaches with Como,” PSG Inside Actu posted on X, as cited by Foot01.

Questions About Nico Paz Buyback and Statistics

When can Real Madrid exercise the buyback clause for Nico Paz? The buyback option is structured to be valid exclusively during the summer transfer window, with a specific cutoff date governed by the agreement between Como and Madrid.

How many goals has Nico Paz scored in the Champions League? Paz has contributed three goals and five assists across four matches in the competition this season.

Does Como hold full ownership of the player? Yes, Como maintains complete technical registration of the player, though Real Madrid preserves a predefined contractual option to repurchase him.