Coloccini has been named Newcastle captain for this season, despite some severe criticism.
Coloccini was seen as one of the poorer Newcastle players last year, and he has spoken to the Mail about keeping - and potentially losing - the captain's armband at St James Park.
He said: “For me, it's something very important. I know there was much speculation about the captaincy, but for me it is something special. The manager made the choice and to be captain again is fantastic news. It's [Losing the armband] part of football. It's the team, we have to think of the team. If the manager thinks it is better for the team, then I don't have a problem.”
Coloccini was considered past his best last term, and many were surprised when he was not only named captain, but also offered a new contract a few weeks ago.
He started the Magpies' first game of the 2015/16 campaign, and looked far better than he did last year, but it is still hard to see Coloccini lasting the entire campaign as first-choice centre-back.
If he does lose his place in the side, Coloccini will also lose the armband, but he admits that it is a decision which will be made for the good of the team.
There are a number of other captaincy candidates in the side, with the likes of Daryl Janmaat, Tim Krul and Moussa Sissoko all considered potential replacements to Coloccini.
Even summer signing Georginio Wijnaldum represents a fine choice to skipper the side, having worn the armband for PSV as they stormed to the Eredivisie title last term.
It would come as no surprise to see Colocinni lose his title of captain before the season is over, but he has admitted that there will be no issues from him if someone else is appointed head of the team.