The Magpies captain has made known his desire to quit St James’ Park and return to his native Argentina, citing personal reasons.
Alan Pardew has reiterated his intent to keep the former Deportivo La Coruna centre-half at Newcastle, and it now appears Coloccini won’t be returning to San Lorenzo this month.
A statement from the South American club read: “Finally, after long negotiations, we announce that Fabricio Coloccini will not join the squad of San
“It was not possible to release the Newcastle player for this month and therefore the club will look for another alternative to strengthen the defence.”
Earlier on Wednesday, Coloccini’s father, who is a youth coach at San Lorenzo, spoke of his son’s desperation to return to his former club.
“Fabricio is very anxious, he wants a resolution,” he explained.
“I think that it’s the moment for him to return to San Lorenzo. We want him to come back.
“In the last few hours, Newcastle have bought a defender but that means nothing because they were looking for an option in that position anyway.
“At Newcastle they are telling him to wait until May but the thing is that I don’t know if San Lorenzo are going to be able to wait until then.”