Although there are a clutch of wealthy fans that do have an interest in the Argentinian club, they would prefer any money raised to be spent on younger players.
An insider from cash-strapped San Lorenzo told the Evening Chronicle: "The people who can help us don't want to invest in Coloccini.
"They feel that the money could bring in a number of younger players instead. And that's how it would be spent.
"It now looks impossible that Coloccini could play here next season. It looks like the end of the story.