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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Liverpool have unveiled their new home kit for next season, sticking with the hugely popular retro styling of the current shirt.
The reputation of the Premier League means it is the most popular and one of the most watched leagues in the world.