Víctor Muñoz

Recent reports from April 2026 consistently cite a €40 million release clause, which Osasuna's director insists must be paid in full. One report from the same month mentioned a €30 million clause. In February 2026, Sunderland reportedly had a formal offer of €35 million rejected, after also having a €25 million bid turned down in January/February 2026. Also in early 2026, Tottenham was reportedly prepared to pay the €40 million clause. Real Madrid is reported to hold a buy-back option valued between €8 million and €10 million. His Transfermarkt value was cited as €20 million in April 2026, up from €10 million in February 2026. His transfer from Real Madrid to Osasuna in July 2025 was for a reported fee of €5-6 million.

Our valuation for Víctor Muñoz is driven by his €40 million release clause, which Osasuna's director has publicly stated is non-negotiable. This is strongly supported by multiple reports of rejected bids from Sunderland, reaching as high as €35 million, and reported interest from other major clubs, including one allegedly willing to meet the clause. While Real Madrid's low buy-back option exists, the open market value is clearly defined by the club's firm stance at the clause level.