Newcastle United were in advanced talks with Deportivo La Coruna last night over a deal for Fabricio Coloccini.

The Daily Mail says Depor president Augusto Lendoiro had warned Newcastle that the deal would be postponed if it was not concluded quickly.

The two parties were £1.4million apart in their valuation of the 26-year-old centre-half but a compromise is believed to have been drawn up.

The package, put together by Dennis Wise and Tony Jimenez, involved an £8.8m downpayment plus potential add-ons of £800,000.

That was short of Deportivo's asking price but the parties were attempting to negotiate a settlement with Coloccini still desperate to move to St James' Park.