Barcelona has been closely monitoring 22-year-old Victor Muñoz from Osasuna, considering him a key part of their 2026-2027 project. Recently called up to the Spanish national team, Muñoz has scored 6 goals in 31 appearances this season, impressing with his speed and technical skills.

The transfer talks are complicated by Real Madrid owning 50% of his rights. Osasuna is only willing to sell Muñoz if their 40 million euro release clause is met. In addition, Real keeps a buy-back option for three years with set prices (8, 9, and 10 million euros) and plans to integrate him into their first team if exercised.

Moreover, Real will not allow the player to be resold within the same transfer window. Meanwhile, Muñoz has expressed his wish to continue developing at Osasuna, though the club is open to considering top offers. Victor started his youth career at Barcelona’s academy before moving to Real Madrid, where he debuted with the senior squad in May 2025.

This situation shows how elite clubs seek to secure control over young talents for years ahead, affecting transfer plans and player movement in the short term.