WATCH Real Madrid in LaLiga 26/27 LIVE & EXCLUSIVE on beIN SPORTS | Sign up here and take advantage of our 7-day FREE TRIAL | AU | NZ

A new agreement has been made between the two sides, which includes a buy-back option for Madrid next summer.

Paz signed a four-year deal when joining Como in August 2024, and helped the Serie A side qualify for the Champions League for the first time in its history this season.

The 21 year-old has made 75 appearances for Como across all competitions, directly contributing to 36 goals (19 goals, 17 assists).

"Real Madrid C.F., Como 1907, and Nico Paz have reached an agreement for the player to remain at the Italian club for the 2026-2027 season," a Real Madrid statement read.

"This agreement, which has been made at the player's own request, also provides that Real Madrid retains a unilateral buy-back option for Nico Paz's federative rights for the 2027-2028 season."

Paz, who made two appearances in Argentina's group stage campaign at the World Cup, also released a statement of his own on Instagram.

"After many weeks of reflection, I have decided that the best option for my career at this time is to stay at the club for another year, the club that gave me the opportunity to grow and become the player I am today," said the midfielder.

"I personally believe this is the best decision for both me and Real Madrid, as it is a very important year at this stage of my career and a unique opportunity to continue growing as a footballer and prepare myself in the best way for the future."

Como will face the likes of Arsenal and Liverpool in pre-season before starting its 2026-2027 Serie A season against Udinese on 22 August.