Milan aim for a Nico Paz‑type loan for Endrick in January

Thursday news emerged that the Brazil international striker Endrick, 20, would be willing to move to Milan on loan in January, with the Rossoneri intent on replicating the Nico Paz model, already used by Real Madrid for the Argentine midfielder.

Endrick's context and previous negotiations

Endrick spent the second half of the 2025‑26 season on loan at Lyon in Ligue 1. Upon returning to Real Madrid he played only four minutes in competitions, according to recent data. During the summer Milan had tried to buy him, but they were unable to close the deal with the Spanish club; Roma was also among the interested teams. reports that Real Madrid allowed only a direct loan, without a purchase option.

The Rossoneri intend to reopen the negotiation in January, aiming to insert buy‑out and buy‑back clauses to make the transfer permanent. The goal is to turn the loan into a permanent purchase, as suggested by sources. The strategy stems from the desire to fill the offensive void left by recent matches.

The Nico Paz model: figures and clauses

Nico Paz moved to Como in the summer of 2024 for an initial fee of €6 million, with Real Madrid retaining 50 % of the resale rights and buy‑back options starting from €9 million. After a successful season in Serie A, the Spanish club considered activating the buy‑back clause in the last summer window. In the end the two clubs negotiated a new agreement: Como bought back the 50 % share for €60 million and set a new buy‑back option at €80 million for the summer of 2027.

Milan wants to replicate this model for Endrick, including similar resale and buy‑back clauses, thereby guaranteeing a long‑term future for the young Brazilian. The structure would allow the club to control the player's future value while limiting financial risk.

According to, Endrick has stated that Milan would be his first choice should Real Madrid grant him a new loan in January. The statement, made in a recent interview, underlines the player's desire to move to Italy.

MADRID, SPAIN – JANUARY 22: Real Madrid's Endrick prepares to take a shot during the 2024/25 Champions League match between Real Madrid C.F. and FC Salzburg at the Santiago Bernabeu Stadium. The event, held in Madrid, Spain, was cited in reports as evidence of the youngster's presence ahead of the possible transfer.