He is the second player from Clach's celebrated 1974/75 team, which won a league and cup double, to pass away this month.
Team-mate John Alison, nicknamed "Johnny Al", died after suffering a heart attack in his shop, Highland Carpets and Flooring, in Montague Row.
Fifty-seven-year-old Mr Allison, of Fairfield Road, was a full back in Clach's successful team and played for Ross County and courted by senior side St Johnstone.
Mr Nicolson's death last Thursday came as a £190,000 deal to sell the Clach social club to a Christian group saw it resume normal trading after more than a year of administration.
Mr Nicolson, of Cradlehall Park, Westhill, was described as a gentleman by brother-in-law and former Clach and Inverness Thistle manager Roshie Fraser, who said he had refused to let cancer take over his life after he was diagnosed 18 months ago.
"It is very sad," said Mr Fraser, describing Mr Nicolson as a family man. "It is just two weeks after John Allison and he was unable to go to the funeral because he was unwell."
During his football days Mr Nicolson, who originally played as a winger and later converted to left-back, turned out for Clach for five seasons, as well as Inverness Thistle, Ross County and Lossiemouth.
Mr Nicolson's family was originally from Farr and he had eight sisters and one brother, Iain, who was a goalkeeper for Thistle.
They moved to Inverness where his father worked as a gardener at Hedgefield House in the Crown.
The father-of-two won the Highland League and the Scottish Qualifying Cup with Clach. He later played for Inverness Thistle with whom he won the cup again in 1976, and Ross County and Lossiemouth.
After his football career ended, Mr Nicolson became a keen golfer and was a member of Inverness and Nairn golf clubs. He was the manager of BP and Shell's Inverness depot in the Longman until his retiral nine years ago after 32 years.
He still worked two days a week during his retirement to tackle any pension-related issues amongst the former and current workforce.
His widow Val Nicolson said her husband retained a keen interest in Clach and she attended matches in the 1970s having married her husband at the age of 18.
"I knew all the Clach songs then," she said. "He was a gentleman and always made sure everybody was okay first before himself."
He was diagnosed with cancer 10 years ago but treatment appeared to combat it, until the condition returned 18 months ago.
Mr Nicolson's funeral will feature a montage of pictures taken during his football career and life and takes place at William T. Fraser & Son's funeral home in Culduthel on Friday.
He is also survived by children Paul and Sharon and four grandchildren.
Source http://www.inverness-courier.co.uk/news/fullstory.php/aid/14644/Clach_loses_second_league_and_cup_double_player.html