Liverpool closed a deal to sign Spanish winger Victor Muñoz from Osasuna for €40 million, activating his buyout clause during World Cup 2026. Fabrizio Romano confirmed the unexpected move, as Liverpool entered negotiations after Newcastle United had been in active talks for several days. Manchester City and Arsenal had also shown interest in the 22-year-old Spain international.
Muñoz is a Real Madrid academy product who featured prominently for Osasuna in the 2025-26 season, recording 7 goals and 5 assists across 36 appearances. His Transfermarkt-estimated value is €30 million. His contract with Osasuna was set to run until summer 2030, but the release clause has now been exercised by Liverpool.
The signing represents a significant Liverpool investment in attacking depth and follows the surprise of the transfer market, with Romano noting the club 'unexpectedly entered the deal' ahead of other suitors. Muñoz verbally agreed contract terms with Liverpool, and the buyout clause was activated, securing the winger before competing clubs could formalize offers.
For betting markets, the mid-tournament transfer of a Spain World Cup player to new club management affects assessments of Spain's squad composition and attacking depth for remaining group-stage matches. Liverpool's squad-strength increases for post-tournament domestic competition valuations while squad continuity impacts for Spain's campaign may alter tournament advancement odds.
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