Newcastle failed with a bid to land Cabella in January, following Yohan Cabaye's departure to Paris Saint Germain and it is understood they remain keen on the 23-year-old.
Newcastle have done business with Nicollin before when they prised Mapou Yanga-Mbiwa away in 2013 - but he is seemingly not a fan of the North East outfit.
Nicollin now points to the fact that Yanga-Mbiwa is not having a great time on Tyneside, for one of the reasons why Cabella should not join Newcastle.
Nicollin feels that Cabella should play for one of France's top teams before then joining Chelsea, Arsenal or one of the Manchester clubs.
"We promised to let him leave. We will try to advise him to not leave for anywhere. Is Newcastle not a good destination? Don't make me laugh," he told RMC.
"In England you have to go to Arsenal, Chelsea or any of the two Manchester teams.
"If Newcastle would offer €20 million, and Arsenal €5 million? I think I would not sell him. I am capable of doing that. I won't prevent him, but I think he is not made for that.
"Look at any great French players, like Desailly etc...They first left their club for a big French one and then they left for abroad. Remy has to do the same.
"Why not Monaco?! There is no contact, but that is what I believe could be good for Remy. Monaco or PSG, who knows?
"Would I advise him against joining Newcastle? Yes definitely. Arsenal why not. For my dear Yanga-Mbiwa, Newcastle was not Eldorado."