Coloccini Deal Confirmed!
A statement has confirmed the two clubs reached a verbal agreement last week and that has now been followed up with a formal written offer.
Depor claim the fee could rise to around £10.3million.
Deportivo: "Real Club Deportivo and Newcastle have agreed the transfer of Fabricio Coloccini to the English club. The clubs had reached a verbal agreement last week which was today confirmed in writing."
Speaking the Spain, Coloccini said: "I went into train with the Deportivo players who were left behind to keep up my fitness and pace.
"There are still things to be discussed with Newcastle, but hopefully I will be there soon for a medical and I will be able to sign for them."