Newcastle are considering selling Fabricio Coloccini to Valencia, in a move that would add another £5 million to the Toon’s transfer budget, according to The Sun.
Coloccini has long been connected with Valencia, and while the defender has said he wants to stay at St James’ Park, the Spanish outfit are reportedly continuing to push for an agreement.
Coloccini’s agent, Marcello Lombilla, is said to have spoken to Newcastle and the 29-year-old is now pushing for a three year contract and £40,000 a week in wages.
Newcastle still have a decent portion of the £35 million the club amassed when they sold Andy Carroll in January, and with the £4 million sale of Kevin Nolan and a possible £5 million from Coloccini, Pardew will certainly have a decent amount of money to build the Newcastle squad over the last few weeks of the transfer window.
Newcastle have spent just £8 million so far during this summer, purchasing Lille midfielder Yohan Cabaye and Manchester United winger Gabriel Obertan.