The Argentine centre half is a key figure for Newcastle but personal reasons have forced him to request the transfer.
“Coloccini to San Lorenzo is our Plan A, B and C,” said Matias Lammens, the club President. “Our transfer deadline is next week and we cannot do anything crazy with the budget, but Coloccini to San Lorenzo represents much more than football.”
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Chelsea have struggled to build momentum in the opening stages of the campaign and are currently looking over their shoulders at the relegation zone.
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