Jacobo Ramon left Real Madrid in 2025 as a promising young centre-back. Just 15 months later, he has earned his first call-up to the Spain national team and attracted interest from several clubs, including those in the Premier League.
Real Madrid are pleased with how the 21-year-old has developed at Como, according to ESPN. Some sources told the outlet that bringing him back next summer would make sense. But the club has yet to make a final decision.
English sides are reportedly keeping a close eye on the defender. His representatives could also play a part in what happens next, with a reported change of agency adding another twist to the story.
Real Madrid’s Buy-Back Clause Does Not Guarantee a Return
When Madrid sold Ramon to Como in the summer of 2025, they made sure to protect their interests. The deal included a buy-back clause and a 50% share of any future transfer fee.
The initial transfer was reportedly worth €2.5 million plus bonuses, while ESPN puts the buy-back option at around €9 million. Other reports have suggested a figure between €8 million and €10 million, but neither club has publicly confirmed the exact amount.
That clause gives Madrid room to decide what happens next. They could bring Ramón back to the Bernabéu and keep him in the squad, or activate the option before selling him on to another club. They would also receive half of any transfer fee if Como sold him directly.
There are conflicting reports about what Madrid intends to do. Journalist Matteo Moretto has claimed that the club has already decided to activate the clause in 2027, describing the move as "100% done".
ESPN, however, reports that a decision is still some way off. Neither Madrid nor Como has confirmed a return.
Why The Premier League Could Decide This
Ramon's potential change of agency could add another dimension to the transfer situation. ESPN reports that he is expected to leave Best of You in February and join CAA Base. None of the parties involved has confirmed the reported move.
If it happens, the switch could be significant. CAA Base is based in London and forms part of the wider CAA Sports group.
A CIES Football Observatory study published in June 2025 found that the combined CAA Stellar and CAA Base group managed players worth more than €2 billion across Europe's big-five leagues. An agent does not decide where a player moves.
But established relationships with Premier League clubs can be valuable when several teams are competing for the same signing.
For now, Madrid have several ways to benefit from Ramón's development, while Como remain protected by his long-term contract. The defender's own ambitions will also matter, particularly if he feels a move to England offers a clearer route to regular football.
The key decision will come in summer 2027. Madrid must decide whether to bring back a defender they developed, sell him for a profit, or allow Como to continue building around him.
