Real Madrid Seeks Future Control of Víctor Muñoz as Newcastle Prepares €30M+ Offer

Real Madrid is complicating the transfer of midfielder Víctor Muñoz to Newcastle United by negotiating for future control mechanisms over the player, delaying what would otherwise be a straightforward deal. Newcastle has committed to paying over €30 million in fixed fees plus variables for the Osasuna player, but Real Madrid's insistence on retaining advantages—likely a right of first refusal or repurchase option—has prevented Osasuna from receiving an official written offer. The Spanish club holds a buyback clause worth €7.5 million valid until July 31, though manager José Mourinho has indicated the player is not part of his future plans. Real Madrid's primary concern is preventing Muñoz from eventually joining Barcelona, viewing him as a cantera product whose career trajectory must remain under their influence. Osasuna, acting as the intermediary, is waiting for Newcastle to submit a formal offer that addresses Real Madrid's demands. Agent Juanma López is facilitating negotiations between the clubs. Once Osasuna receives the official proposal, it will be forwarded to Real Madrid, which has 48 hours to decide whether to exercise its repurchase option. The player has already agreed a contract with Newcastle through 2031, pending the completion of formalities. Additionally, 5% of any transfer fee will be distributed among clubs that trained Muñoz from ages 12 to 23—principally Barcelona, Real Madrid, Damm, and Osasuna—with Real Madrid receiving 50% of that solidarity payment and Osasuna the other 50%.