Career
Primarily a full-back, he could play on both flank and occasionally plays as a winger. Born in Tricarico, Basilicata, Lolaico started his career in the region capital, Potenza, at non-professional level He then played for Pro Vercelli, Pizzighettone before returned to Potenza, now at Serie C2.
In July 2008 he was signed by Serie B club Rimini but in August returned to Potenza along with Raffaele Nolè.
In August 2009, Potenza bought him outright and signed a reported 2-year contract. On 1 February 2010, the last day of winter transfer window, the Potenza captain joined fellow Prima Divisione team Pergocrema.
In 2010-2011 Lega Pro Prima Divisione he only made 18 starts but played the both legs of relegation "play-out" as a left wing-back in 3–5–2/5–3–2 formation. The right wing-back position was occupied by Daniele Ghidotti.
International career
Lolaico represented Italy Universiade team and finished as the runner-up at 2009 Summer Universiade in July.