What happened: Fabrizio Romano has clarified that Real Madrid does not hold a buy-back clause for Víctor Muñoz following his move to Liverpool. While the Spanish club retains a right of first refusal for future proposals and received a fee from Osasuna, the player is considered a full member of the Liverpool squad. Muñoz signed a contract with the Premier League side through June 2032.

Why it matters: The absence of a buy-back clause provides Liverpool with long-term stability and full control over the player's development. This update contradicts earlier reports suggesting a potential return to the Bernabéu for the Spanish winger. Real Madrid continues to monitor its former academy players while managing a busy summer of roster changes.

What to watch: Muñoz is expected to join Liverpool for preseason training following the conclusion of his international duties. Fans will be watching for his integration into the starting XI under the new managerial regime.