Newcastle United defender Fabricio Coloccini linked with Olympiacos

Newcastle United defender Fabricio Coloccini has reportedly attracted interest from Olympiacos.

The Greek champions are preparing to table a £2.5m bid for unsettled Argentine, according to The Express.

Coloccini, Newcastle's top earner on £60,000 per week, may have to take a pay cut to join Olympiacos, although the club can offer him Champions League football.

Crystal Palace, managed by former Magpies boss Alan Pardew, are also said to be interested in signing Coloccini.