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Newcastle United are reportedly in advanced discussions with Osasuna star Víctor Muñoz, and a potential move could see Real Madrid pocket at least $20.1 million (€17.5 million).
Muñoz, a former Real Madrid Castilla player, made the switch to Osasuna last summer and quickly elevated his profile. An impressive debut season earned him a spot in Luis de la Fuente's World Cup roster, attracting attention from clubs across Europe.
The Magpies are searching for a replacement for Anthony Gordon, and Muñoz appears to be their primary target. Fabrizio Romano reports that Newcastle lodged a formal bid for the winger on Thursday as talks between both sides intensify.
The Premier League side is "confident" about landing Muñoz's signature for a fee exceeding $34.5 million (€30 million). Spanish reports suggest the deal could climb to $46 million (€40 million) with add-ons included.
How Real Madrid Benefit From Muñoz's Potential Transfer
When Muñoz departed for Osasuna, Real Madrid ensured his contract contained a three-year buy-back clause along with a 50% sell-on fee. Los Blancos have structured similar arrangements with other recent Real Madrid Castilla graduates, such as Nico Paz and Jacobo Ramón.
Technically, Real Madrid hold the right of first refusal and could trigger their buy-back clause to block Muñoz's move to Newcastle, but they are unlikely to intervene. AS report that the 15-time European champions have no plans to recall the 22-year-old ahead of the 2026–27 campaign, and will instead be content to profit from an imminent deal.
If Muñoz's transfer fee remains around €30 million, Real Madrid stand to earn $20.1 million (€17.5 million). Should the deal rise to €40 million, the Spanish giants would receive $23 million (€20 million).
Given club president Florentino Pérez's consistent pledges to bring in a Galáctico this summer, any financial boost is welcome, particularly as Los Blancos have been relatively inactive on the selling front. Only David Alaba and Dani Carvajal have officially departed the Bernabéu, and both exited as free agents.
Gonzalo García Could Follow Muñoz's Footsteps
Another player who could be on his way out this summer is Gonzalo García. The striker, contracted until 2030, has attracted growing interest from multiple European clubs, with Como leading the chase.
Now that Endrick has returned to the Spanish capital following a productive loan spell at Lyon, Gonzalo's playing time looks set to be severely limited next season. This presents an ideal opportunity for Real Madrid to sell the forward while inserting a buy-back clause to keep a future return on the table.
SI answers is our AI answer engine trained on human-created content.
Gonzalo was the standout performer at the Club World Cup, netting four goals in six appearances, before the reality of serving as Kylian Mbappé's understudy took hold in 2025–26. The Spaniard spent more time on the bench than on the pitch and found himself at the foot of Álvaro Arbeloa's selection hierarchy.
Nevertheless, Gonzalo managed to score eight times last season, enough to rank as the club's fourth-leading scorer. The most sensible outcome for both player and club would be to give the young talent a fresh opportunity elsewhere, while retaining the option to bring him back to the Bernabéu in the future.