According to Mundo Deportivo, Rayo Vallecano is interested in acquiring Obed Vargas for the next season. The club has contacted Atletico Madrid to express interest in having the player for the 26/27 season. Atletico Madrid's initial intention is to loan the American player, with a preference for a LaLiga team.

Rayo Vallecano is one of several clubs monitoring 20-year-old Obed Vargas, while Celta de Vigo and Getafe are also reportedly considering him for the upcoming season. Atlético de Madrid's intention is to loan the young Mexican midfielder to provide him with more playing time for his development, rather than selling him, as he is considered a future prospect. Vargas was signed in the winter market and has since gained some first-team experience. According to Atlético's coach Diego Simeone, the player's future is dependent on what he shows on the pitch. Simeone also noted the difficulty of adapting to the team but described Vargas as a dedicated player who wants to grow. His contract with Atlético is valid until June 2030, and he has 8 caps for the Mexico U20 team. The transfer from Seattle Sounders in February 2026 was reportedly for a base fee of €3.0 million plus €5.0 million in add-ons. His current market value, according to Transfermarkt, is €8.00m.