Newcastle Makes €35m Bid for Victor Muñoz, Real Madrid Retains 50% Economic Rights

Newcastle United have identified Victor Muñoz as the replacement for Anthony Gordon, who departed for Barcelona. The English club submitted a bid of €35 million plus performance‑related variables to Osasuna.

Real Madrid, which holds 50 % of Muñoz's economic rights and a buy‑back clause, would receive half of any transfer fee. Should the deal go through, the funds would be split between Osasuna and Real Madrid.

The move would bolster Newcastle's attacking options ahead of the new season. It also underscores the continued partnership between English clubs and Spanish talent.