Real Madrid look set to activate Jacobo Ramón's buyback clause for less than €9 million, after selling 50% of his economic rights to Como in 2025 for €2.5 million. The clause was initially estimated at €9 million, and the move now looks like a sharp piece of business if Madrid complete it. Ramón has also turned himself into a far more valuable player in Italy.

Madrid's deal structure

The original sale split the risk neatly. Madrid kept a stake in the defender, Como got the player, and the fee was small enough that a strong season in Italy would quickly change the arithmetic. That is what has happened. Transfer reports now put Ramón's market value at €45 million, which is a long way from the amount Madrid spent when they let him go.

Matteo Moretto told Foot Mercato that "Real Madrid are going to execute the buyback option for Jacobo Ramón for less than €9 million". Estadio Deportivo later reported that Madrid intend to bring him back using a fee below that figure. Those two reports line up with the idea that this is not a distant possibility any more, even if the exact timing of the return is still debated.

Why the price looks so low

Fàbregas had a strong view of what Ramón has done at Como. Speaking to Estadio Deportivo, Cesc Fàbregas said, "Jacobo Ramón's numbers do not surprise me, he was perfect for our style of play. He has improved a lot, he is a player of a different class." That assessment fits the numbers.

Ramón has played 9 Serie A matches in 2026, scored 2 goals and averaged a 7.18 rating. He has also played 3 UEFA Champions League matches in 2026, with 1 goal, 1 assist and a 7.01 rating. For a centre-back, that is a strong return in both domestic and European football, and it explains why Madrid are moving before the market price climbs any higher.

Jacobo Ramón himself has already spoken about the standard he wants. In the same Estadio Deportivo interview, he said, "I want to become one of the best. Sergio Ramos is my role model. I like scoring goals just like him." That ambition matches the direction of his season, and it is part of why Madrid are treating him as more than a simple buyback case.

The open question is what Madrid do after reclaiming him. The reports leave room for a return to the first team, but they also point to a second sale if the club decide to profit again. Premier League clubs, including Torino, are also being tracked around him, which keeps the situation live. Madrid's next move is likely to determine whether Ramón comes back to stay or comes back as a more expensive asset.

Written by Daniel Hartley with AI-assisted research, cross-checked against 4 outlets. How we work →