What looked set to be one of Newcastle United's biggest summer signings has taken a dramatic turn. Liverpool have reportedly won the race for Victor Munoz, with transfer expert Fabrizio Romano confirming the deal with his trademark "Here we go."
The Spanish winger is now expected to become one of the newest additions to Liverpool's squad after the club moved decisively to beat Newcastle to his signature.
Surprise Twist in Transfer Battle
For weeks, Newcastle appeared to be in pole position to land the Osasuna star. However, Liverpool entered negotiations late and quickly convinced both the player and his club.
According to reports, the Merseyside outfit triggered the €40 million release clause included in Munoz's contract, removing the need for lengthy discussions between the clubs. Personal terms have already been agreed, leaving only the final paperwork before the move becomes official.
The sudden development comes as a major setback for Newcastle, who had invested significant time in pursuing the Spanish international.
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By the way, Liverpool are not the only winners from the transfer. When Munoz left Real Madrid for Osasuna in 2025, the Spanish giants negotiated a clause guaranteeing them 50 percent of any future transfer fee. As a result, a €40 million move would send approximately €20 million directly to the Madrid club.
That arrangement has turned Liverpool's deal into an unexpected financial boost for Real.
Rising Reputation in Spain
Munoz's stock has risen rapidly over the past year. The 22-year-old emerged as one of La Liga's most exciting young wingers after contributing seven goals and five assists for Osasuna last season.
His performances also earned him a first senior call-up to the Spanish national team. After making his international debut earlier this year, he was included in Spain's squad for the 2026 FIFA World Cup.
Part of Liverpool's New Era
Liverpool view Munoz as more than a signing for the future. The club believes he can play an important role in the next phase of the project under Andoni Iraola.
With Mohamed Salah no longer at Anfield, Liverpool have been searching for fresh attacking talent capable of helping reshape the team's forward line. Munoz is expected to be one of the key pieces in that long-term rebuild.
If the final formalities go as expected, Liverpool will soon have another highly rated young star on their books—and Newcastle will be left wondering how the deal slipped away.