Tottenham Hotspur’s ambitious pursuit of Argentine sensation Nico Paz has hit a significant roadblock, with Como rejecting a substantial £35 million (€40 million) bid and demanding nearly double that amount for their prized attacking midfielder.
Como set sky-high valuation
The Serie A club has placed a £61 million (€70 million) price tag on the 20-year-old playmaker, refusing to entertain negotiations below the €60 million mark. This steep valuation reflects Como’s confidence in a player they acquired for just €6 million from Real Madrid last summer. Paz has transformed into one of Europe’s hottest prospects after a brilliant debut campaign in Italy’s top division.
The young Argentine proved his worth with six goals and nine assists across 35 appearances, helping Como secure their Serie A status. His adaptability across multiple attacking positions—central midfielder, striker, and winger—has captured attention from several European powerhouses. Como’s unwavering stance demonstrates their belief that Paz’s meteoric rise justifies their premium asking price.
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Real Madrid’s financial leverage
Como’s negotiating position carries additional complexity due to Real Madrid’s contractual arrangements. The Spanish giants retain a buy-back clause allowing them to re-acquire Paz for merely €9 million until June 2026, with the option increasing to €10 million the following year. These terms severely limit Como’s potential profits from any immediate sale.
Perhaps more significantly, Real Madrid holds a 50% sell-on clause, meaning they would claim half of any transfer fee. Under Tottenham’s rejected offer, Como would have received only €20 million despite their investment in developing the player. This financial structure explains their determination to maximize any potential return, with reports suggesting they’re attempting to negotiate away Madrid’s buy-back rights.
Spurs’ mounting transfer urgency
Tottenham’s pursuit intensifies following devastating news about James Maddison’s ruptured ACL, which will sideline the creative midfielder for most of the upcoming season. The club also faces the departure of long-serving forward Heung-min Son, who recently joined LAFC in Major League Soccer. These losses have created urgent gaps in Spurs’ attacking arsenal.
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The North London club has endured frustration in recent transfer attempts, missing out on Bryan Mbeumo to Manchester United and seeing Yoane Wissa linked with a Saudi Arabian move. Manager Thomas Frank has secured Mohammed Kudus but still requires additional reinforcements before the transfer window closes in less than a month.
The substantial gap between Tottenham’s offer and Como’s expectations raises serious questions about whether negotiations can bridge this divide. With Paz contracted until summer 2028, Como faces no pressure to sell and can afford to wait for their valuation to be met. This strengthens their position significantly as interested clubs weigh their options.
