Real Madrid secure crucial buyback option in Newcastle United deal to sign La Liga winger | OneFootball

Real Madrid have made a conscious choice this summer of not activating the buyback option to sign Victor Munoz.

The Osasuna starlet was one of the rising stars in La Liga last season, impressing onlookers with his ability to drift past opponents. He is now a part of the Spain World Cup squad.

Munoz’s blistering performances have earned him a big-money move this summer, Newcastle United expected to finalise the deal to sign the Spanish international – a deal in which Real Madrid have played a key role thanks to a clause held in the player.

Real Madrid’s masterstroke

While Real Madrid chose not to activate their buy-back option to re-sign Munoz outright, they have managed to secure a fresh one-season buy-back option, reports AS.

This is part of the three-way agreement between Osasuna, Newcastle and the player, marking a significant coup for Los Blancos as they can buy the player at a cut price if he impresses in the Premier League.

Munoz will soon become a Premier League player. (Photo by Juan Manuel Serrano Arce/Getty Images)

Real Madrid never stood in the way of the transfer, primarily because the decision rested with Osasuna and the player once Los Blancos opted against activating either the original buy-back option or the right of first refusal this summer.

The structure of the original deal, put in place when Munoz joined Osasuna in the summer of 2025, gave Real Madrid the leverage to shape this transfer entirely on their terms.

Paying the clause to bring him back immediately was never seriously considered, but it seems the club are playing the long game.

A slap in the face for Barcelona

If there was one thing Munoz was clear about, it was his desire for consistent playing time at his next club, something he believes he has found at Newcastle.

Barcelona were never an option for Munoz. (Photo by Alex Caparros/Getty Images)

Manchester United, Liverpool and other Premier League sides all enquired, but the move to the north east of England always held the strongest appeal.

Barcelona, too, explored the possibility and were in fact the first club to enquire about his situation. However, the player and his agent, Juanma Lopez, had no intention of entering into a conflict with Real Madrid.

The deal is excellent business for everyone involved. Osasuna are set to triple the €5 million they paid Real Madrid for Munoz just a year ago.

As for Real Madrid, they could benefit from a healthy sell-on fee, and the security of a buy-back clause should the Spaniard become the star many believe he can be.