Liverpool secured the signing of Spanish winger Victor Munoz from Osasuna for €40 million, outbidding Newcastle. Real Madrid, Munoz's former club and academy where he trained, had an €8 million buyback option but chose not to activate it. This decision has surprised some within Madrid, including the player, especially given Munoz's impressive progress at Osasuna and his current participation in the World Cup with Spain.

Madrid's choice was influenced by financial considerations, as a 50% sell-on clause from his previous €5 million sale to Osasuna meant they would receive €20 million from Liverpool's transfer. Manager Jose Mourinho's squad plans, which include ample wing options like Vinicius Junior and Rodrygo, and new transfer priorities such as Ibrahima Konate and Marc Cucurella, also played a role. This decision, while financially beneficial, has raised concerns among academy staff about the message it sends to young talents.