Coloccini has been linked with San Lorenzo.
The player's agent, Marcelo Lombilla, was quick to rubbish the link.
"The San Lorenzo thing arises because of a personal matter and because his father is at that club," he said.
"He (Fabricio) has only just renewed his contract six months ago and these stories always generate a buzz and generate illusions, however they are just that, illusions and nothing more.
"These things that are written, I just cannot believe."