Report: Fabricio Coloccini to stay at Newcastle United

Newcastle United skipper Fabricio Coloccini will reportedly stay at the club next season as San Lorenzo can't afford to sign him this summer.

The defender had been linked with a return to Argentina throughout the second half of last season as he recovered from a back injury.

However, the Argentine club can't raise the £7m fee that the Magpies would demand for the centre-back after a wealthy supporters' group withdrew their funding.

A source told the Daily Star: "The people who can help us don't want to invest in Coloccini. They feel the money could bring in younger players instead."

The 31-year-old made 29 appearances for Alan Pardew's side last season.