AS Roma Joins Race for Osasuna Breakout Star Víctor Muñoz Amid Complex Real Madrid Ownership Clause

AS Roma targets Osasuna star Víctor Muñoz, but a 50% sell-on clause and buy-back option held by Real Madrid complicate the €40 million transfer deal.

By: AXL Media

Published: Apr 22, 2026, 4:30 AM EDT

Source: Information for this report was sourced from YSScores

AS Roma Enters the Fray for La Liga’s Newest Sensation

According to sports journalist Akram Konur and reports from El Chiringuito, AS Roma has made a significant move to secure the signature of Osasuna’s pacy winger Víctor Muñoz. The Giallorossi are reportedly prepared to offer a figure in the region of €35 million to bring the Spaniard to the Stadio Olimpico. Muñoz has enjoyed a meteoric rise at El Sadar this season, contributing six goals and five assists in 34 appearances. His performances have not only established him as one of Europe’s most elite dribblers—ranking in the 98th percentile for take-ons—but also earned him his first cap for the Spanish national team, where he scored in a 3-0 friendly win over Serbia last month.

The Real Madrid Leverage and Sell-On Complications

While Roma’s interest is concrete, any potential deal is entangled in a complex ownership agreement with Real Madrid. When Osasuna signed Muñoz for €5 million last summer, Real Madrid retained 50% of the player’s economic rights. This means that if AS Roma or any other club triggers Muñoz's €40 million release clause, half of that fee—€20 million—would flow directly into the treasury of the Santiago Bernabéu. Furthermore, Osasuna is reportedly required to inform Real Madrid of any formal offers received, granting the Spanish giants a 48-hour window to match the bid or exercise their first refusal.

Barcelona’s Interest and the "Return Home" Narrative

Barcelona, under the sporting direction of Deco, is also monitoring Muñoz closely as a potential reinforcement for the left flank. Muñoz has deep ties to the Catalan capital, having spent three years at La Masia between 2014 and 2017 before eventually moving to Real Madrid’s academy. While the player is reportedly "attracted" by the idea of returning to his hometown, the Blaugrana are hesitant to pay the full release clause, especially given that nearly half the payment would benefit their fiercest rivals. Barcelona may attempt to lower the cash requirement by offering players in exchange, though Osasuna currently prefers a straight cash transaction.