Coloccini is desperate to play for San Lorenzo, where his dad is part of the group running the club.
The Argentinian club tweeted: “Finally, after long negotiations, we announce that Fabricio Coloccini will not join the roster of San Lorenzo. It is not possible to release the Newcastle player … and therefore the club will look for another alternative to strengthen the defence.”
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The start of the 2017-18 Premier League season is just around the corner and is shaping up to be one of the most competitive yet.
As always it is the so called “big clubs” that have splashed the most cash in the transfer window so far this summer. Manchester United or City? Arsenal or Tottenham? Who are the winners and losers of the transfer window so far?