AC Milan are considering a deal structure similar to the arrangement between Real Madrid and Como for Nicolas Paz as they explore a possible loan move for Endrick this winter, according to La Gazzetta dello Sport.
The Milan club are expected to try to reach an agreement with Real Madrid over the striker in the coming winter transfer window. The proposed arrangement could include both a permanent purchase option and a buy-back clause.
The model would mirror the deal that took Paz to Como in 2024. The Argentina international joined the Italian club for €6m, while Real Madrid retained 50% of the fee from any future sale and included buy-back options.
Como later bought Real Madrid’s share for €60m. The Spanish club then secured a new buy-back option, set at €80m and available in summer 2027.
Endrick, 20, spent the second half of last season on loan at Lyon. Since returning to Real Madrid in the summer, the forward has made only one appearance, playing four minutes.
AC Milan were also interested in Endrick during the summer but were unable to reach an agreement with Real Madrid.