Fabricio Coloccini rejected Crystal Palace's three-year offer to stay put at Newcastle United, manager Steve McClaren has indicated

Coloccini put all the speculation surrounding his future at Newcastle to rest after penning a new two-year deal at the club on Thursday.

The Argentine defender staying put is certainly a huge boost for Newcastle and manager McClaren has revealed that the 33-year old rejected the advances of Palace in order to remain with his beloved Magpies.

McClaren revealed to the Chronicle: "He's been captain here for seven years and there has been speculation. People have denied it, but it's a fact. Don't deny it, it's a fact. That's affected Colo in terms of somebody being out there offering him a three-year contract.

"I think it was a distraction. So we went along with it and we had to make a decision and I asked a lot of people and the senior players and to a man everybody wanted Colo in the team. They respect him as a player as a man and as a captain and from then on it was quite simple just to sit down and go 'you know what, we want you'.

"From day one, he said to me he wanted to finish his career at Newcastle but there were three or four opportunities he had. As always in these decision, we had to make a statement and the club has done that. Colo is back on board."