Lyon have issued a statement confirming that Nabil Fekir's proposed transfer to Liverpool has fallen through.
Reds boss Jurgen Klopp had wanted the 24-year-old midfielder as a replacement for Philippe Coutinho, who joined Barcelona in January, but the France international now looks set to be staying at Lyon.
"Transfer negotiations with Liverpool and Nabil Fekir have not succeeded and Olympique Lyonnais have decided to put an end to this negotiation," said a statement on the French side's official website.
"Although Liverpool have been the priority of a possible transfer for Nabil...Olympique Lyonnais is delighted to be able to count on the presence of our captain, who is a leading player for the 2018/19 season when the club will play in the Champions League."
Fekir, who had been expected to move to Anfield for £52.75million this summer, is set to feature for France at the World Cup.
He came through Lyon's youth system and has made 153 appearances for the club, scoring 57 goals.
Liverpool have already signed Fabinho from Monaco for £39million since the end of last season, while the Reds have an agreement in place to capture Naby Keita from RB Leipzig in a deal worth £52.75million.
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