Liverpool to sign Victor Munoz from Osasuna for €40m release clause
Synopsis
Liverpool have triggered Victor Munoz's €40m release clause at Osasuna — a deal that also sends €20m back to Real Madrid via a sell-on clause. The 22-year-old Spain winger, currently at the FIFA World Cup in the US, is Andoni Iraola's first major signing and a statement of intent for Liverpool's new era.
Key Takeaways
Liverpool have activated Victor Munoz's €40 million release clause at Osasuna .
Munoz, 22 , scored 7 goals and registered 5 assists in the 2025-26 La Liga season.
The transfer is Liverpool's first major signing under new head coach Andoni Iraola .
Real Madrid will receive €20 million via a 50 percent sell-on clause inserted when Munoz left their academy.
Munoz is currently at the FIFA World Cup in the United States with Spain, managing a minor calf issue.
An official announcement is expected once remaining formalities are completed.
Liverpool are set to complete the signing of Spain international Victor Munoz from Osasuna after activating the winger's €40 million release clause, according to multiple reports. The deal would mark the English club's first major transfer under new head coach Andoni Iraola.
Key Developments
The 22-year-old is currently in the United States with the Spanish national team at the FIFA World Cup, having earned his place in the squad following a breakthrough 2025-26 club season. Reports indicate Liverpool dispatched members of their medical team to the US to conduct Munoz's pre-signing assessment during the tournament itself — an unusual logistical step that underlines the club's urgency to seal the deal ahead of rivals.
Munoz has been managing a minor calf problem in recent weeks and was unavailable for Spain's opening Group-stage fixture, a goalless draw against Cabo Verde. His fitness will be monitored as formalities are completed.
The Player's Journey
Born in Barcelona, Munoz began his development at FC Barcelona's youth academy before switching to Real Madrid's academy setup. Despite strong reviews, senior opportunities at the Bernabeu were scarce — he made just two first-team appearances for Madrid, including one in the high-profile El Clásico. Seeking consistent game time, he moved to Osasuna, where he rapidly evolved into a key figure.
In the 2025-26 La Liga season, Munoz registered seven goals and five assists, drawing attention from multiple leading European clubs before Liverpool moved decisively to trigger his release clause.
What Liverpool Gets
Munoz is valued for his pace, direct running, and versatility across both flanks — attributes that suit the high-tempo, pressing-intensive style Iraola is expected to implement at Anfield. The signing would give Liverpool an established international option on the wing as Iraola rebuilds the squad following the departure of Dutch manager Arne Slot at the end of the season.
Real Madrid's Financial Windfall
The transfer carries a notable financial dimension: Real Madrid inserted a 50 percent sell-on clause when Munoz left the club. As a result, Madrid are expected to receive €20 million from the fee — a significant return on a player who made minimal impact at senior level for them. It is a clause structure increasingly common in Spanish academy exits.
What Happens Next
An official announcement is expected once the remaining formalities are finalised. With the World Cup ongoing, the timeline will partly depend on Munoz's tournament progression with Spain. Liverpool will be eager to integrate him into pre-season preparations at the earliest opportunity under Iraola.
Point of View
Yet it also means completing a signing on a player dealing with a calf problem and in the middle of a tournament. The Real Madrid sell-on clause is the subplot worth watching: €20m flowing back to the Bernabeu from a player who made just two senior appearances there is a reminder of how academy exit clauses have become a quiet revenue stream for elite Spanish clubs. For Iraola, the real test is whether Munoz — who thrived in Osasuna's compact, counter-attacking system — can translate that form to the intensity and expectation of Anfield.
NationPress
8 Aug 2026
Frequently Asked Questions
How much is Liverpool paying for Victor Munoz?
Liverpool are paying €40 million by activating the release clause in Munoz's contract at Osasuna. Of that fee, €20 million will go to Real Madrid due to a 50 percent sell-on clause inserted when Munoz left their academy.
Who is Victor Munoz?
Victor Munoz is a 22-year-old Spanish winger born in Barcelona. He came through the youth academies of both FC Barcelona and Real Madrid before joining Osasuna, where he emerged as one of La Liga's most promising young players in the 2025-26 season, scoring 7 goals and adding 5 assists.
Why is Liverpool signing Victor Munoz during the FIFA World Cup?
Liverpool moved quickly to beat rival clubs to Munoz's signature, reportedly sending their medical team to the United States — where Spain are competing at the FIFA World Cup — to complete his medical assessment without delay. The urgency reflects the club's intent to finalise their first major signing under Andoni Iraola ahead of pre-season.
What is Andoni Iraola's connection to this transfer?
Andoni Iraola was appointed Liverpool head coach after the club parted ways with Arne Slot at the end of the season. The Munoz signing would be his first major transfer at the club, signalling his early squad-building priorities.
Will Real Madrid benefit from the Munoz transfer?
Yes. Real Madrid inserted a 50 percent sell-on clause when Munoz departed their academy. With the transfer fee set at €40 million, Madrid are expected to receive €20 million from the deal despite the player having made only two senior appearances for the club.
