Víctor Muñoz Nears Newcastle Move as Osasuna Waits

Osasuna is still waiting for Newcastle to send the official written offer for víctor muñoz. Once it arrives, the club must pass it to Real Madrid, which gets 48 hours to decide whether to buy him back.

The deal could move quickly from there. The fixed fee under discussion is slightly above 30 million, with variables still on the table and FIFA solidarity adding 5% to the operation.

Víctor Muñoz and Real Madrid

Muñoz is in Spain's World Cup concentration and is not expected to play against Cabo Verde because he is still recovering physically from a muscle injury. Newcastle targeted him to replace Gordon after Gordon's transfer to Barcelona, and Juanma López is handling the bridge between the clubs through Niagara Sports Company.

That Madrid link is the part that can still shape the final outcome. Real Madrid has already been told verbally that it will not exercise the buyback, but the contract still gives it a 48-hour window once Osasuna forwards the paper offer.

Osasuna's record sale

If Madrid passes, it would receive 50% of what Newcastle pays. Osasuna would keep a little more than 15 million, a figure that would make Muñoz the biggest sale in the club's history.

The current record belongs to Raúl García, who left for Atlético de Madrid in 2007 for 13 million. That gap is why the final written offer matters so much: the transfer can move from advanced talks to a record fee as soon as the paperwork lands.

Newcastle's financial reach has made the move viable, with the club owned 85% by Saudi Arabia's Public Investment Fund and led by Crown Prince Mohammed bin Salman. For Osasuna, the next step is simple and immediate: receive the offer, forward it to Madrid, and wait on the 48-hour call that decides whether the sale turns into a buyback negotiation or a direct exit.