The twenty-year-old, who earned Serie A's best young player accolade last term, dazzled on the opening weekend with a goal and assist in Como's 2-0 victory over Lazio. Spurs, eager to bolster their attacking midfield options after Arsenal snatched Eberechi Eze from under their noses, lodged the formal offer including add-ons, as confirmed by transfer expert Fabrizio Romano.

"Tottenham bid worth seventy million euro package for Nico Paz has been turned down tonight," Romano posted on X. "Paz wants to stay at Como with view on Real Madrid future + Real were gonna match any proposal in any case."

Real Madrid, who sold Paz to Como last summer, hold significant control through cleverly inserted clauses: matching rights, a fifty percent sell-on fee, and three buy-back options. They passed on activating the first this window after signing Franco Mastantuono, but Romano revealed they would have matched Spurs' offer if accepted. Looking ahead, Real Madrid plan to trigger the second buy-back for just ten million euros in 2026, compensating Como handsomely down the line to offset the undervaluation.

"Real have ten million euro buy-back clause in 2026 but will compensate Como in future," Romano added on X.

Como manager Cesc Fabregas has praised Paz's commitment amid the speculation. "I'm very calm and relaxed, Nico is very happy here at Como," Fabregas has said. "He's a top, top player."

This rejection marks another setback for Spurs in their hunt for a number ten, with Monaco's Maghnes Akliouche emerging as a viable alternative, while Aston Villa's Morgan Rogers is admired but unlikely to move this late.

Undeterred, Tottenham are ramping up their pursuit of Manchester City's winger Savinho, preparing a club-record offer exceeding seventy million euros, potentially reaching eighty million euros or more. Romano has reported that Spurs "want to go over seventy million euros for Savinho and will try until the end to get the deal done," with the Brazilian keen on the switch.

Journalist Ben Jacobs echoed this on X: "Tottenham are still trying to sign Savinho following talks over the weekend. Spurs willing to pay over seventy million euros. Manchester City want eighty million euros-plus to reconsider their position."

Manchester City have blocked advances all summer, viewing Savinho's potential as too high to lose, but recent updates suggest they might soften if the bid hits their valuation. Savinho has even discussed the move with compatriot Richarlison at Spurs, and some reports indicate personal terms are agreed on a five-year deal.

However, City remain surprised by his openness to leaving after just one year, and could hold firm without time for a replacement like Real Madrid's Rodrygo.

With the window slamming shut, Spurs' aggressive late push underscores their ambition to add flair out wide and centrally, but these high-stakes deals hinge on convincing reluctant sellers.

Report: Tottenham have Nico Paz bid turned down as Real Madrid pull strings