Liverpool has reportedly agreed to a tricky contract clause in the Victor Munoz deal.
Victor Munoz’s new Liverpool contract might have a tricky clause that could cause problems down the line.
The 22-year-old winger was heavily linked with Newcastle United this summer, but on June 17, Liverpool swooped in and activated his €40 million (£34.6 million) release clause from Osasuna. Munoz, who is currently with Spain’s World Cup team, is expected to sign a six-year deal at Anfield. Liverpool’s medical team is currently in the US to complete his health checks before the transfer is officially announced.
Munoz has an interesting background, having played for both Barcelona and Real Madrid’s youth teams. He made two senior appearances for Real Madrid in 2025 before moving to Osasuna the same year. Last season, he scored seven goals and assisted five in 36 games, helping Osasuna finish 17th in La Liga. He’s also earned two caps for Spain so far.
He can play on both wings and even through the middle when needed. His speed, energy, and direct style make him an exciting option, especially for coach Iraola. With Munoz joining, Federico Chiesa might see less playing time and could be linked with leaving Liverpool this summer.
Shortly after news of Munoz’s move surfaced, a Spanish outlet, AS, revealed that Real Madrid will get a chunk of the £34.6 million transfer fee. They also have a buy-back option, which could be used after Munoz’s first season at Liverpool. According to the report, Real Madrid will receive €25 million, including the €5 million Osasuna originally paid and half of the release clause amount.
Both Real Madrid and Barcelona considered signing Munoz, but Jose Mourinho blocked the move, and Barcelona decided to sign England winger Anthony Gordon instead. Liverpool will pay the transfer fee in two parts.
Even after securing Munoz, Liverpool is still interested in RB Leipzig’s left winger Yan Diomande and PSG’s Bradley Barcola.
When Munoz was still linked with Newcastle, La Liga expert Phil Minshull spoke highly of him on BBC Radio Newcastle, calling him “one of the pearls of Spanish football.” He described Munoz as a strong, right-footed winger who plays well on both sides of the pitch. Minshull said, “He’s very physical and takes on defenders, which creates space for his teammates. His passing might need some work—he only had two assists last season—but his ability to challenge defenders is impressive.”
He also praised Munoz’s work rate, saying he’s “always tracking back and is a strong tackler, helping out the defense,” making him a valuable player no matter the team setup.