Munitis spent the 2002–03 season on loan at Racing Santander, notably netting (and celebrating) against Real Madrid in a 2–0 home win on 19 October 2002. In the following off-season, he was purchased up by Deportivo de La Coruña on a free transfer; after a poor first year he would be one of the Galicia side's most important attacking players, also being used as a left winger, providing rest for veteran captain Fran and being his replacement when he retired at the end of 2004–05.