Newcastle defender Fabricio Coloccini has revealed he will remain at the club after talks with San Lorenzo over a potential transfer once again broke down.
Coloccini, 31, first expressed his desire to leave Tyneside in January, citing personal issues. His revelation alerted San Lorenzo, where he spent a season on loan in 2000-2001, but the two clubs were unable to reach an agreement with the Magpies demanding a fee in excess of £7million for the defender.
Convinced to stay until the end of the season in a bid to help the club avoid relegation, the Argentine international was expected to leave in the summer once safety had been secured.
However, despite a second round of negotiations, a fee remains a stumbling block, with the financial backers San Lore had lined up keen to invest in younger players.
With a deal seeming increasingly unlikely, Coloccini has confirmed on Argentine television that he will in fact remain on Tyneside.
"I have talked many times with San Lorenzo about moving back with them," he said. "My desire is to move back but that¹s not going to happen next season. I didn’t move to San Lorenzo last season because Newcastle didn’t want me to leave.
"I’m not going to move to San Lorenzo now because Newcastle don’t want me to go. I have to respect that decision. I’m a grateful person and Newcastle have given me the opportunity of playing in the Premier League, which is the elite of football - so I will stay at Newcastle."