France and Olympique Lyon forward Nabil Fekir will not be joining Liverpool and will instead be staying at Lyon, according to the Ligue 1 club.
The two clubs had been discussing a deal for the playmaker worth 60m euros (£52.75m) - 55m (£48.35m) plus a maximum of 5m (£4.4m) add-ons. However, Lyon said on Saturday that talks about the potential transfer of their captain "had not succeeded", BBC reports.
"Although Liverpool has been the priority of a possible transfer of Nabil... Olympique Lyonnais is delighted to be able to count on the presence of their captain in 2018-2019." Lyon said in a statement.
Fekir who had been one of Reds boss Jurgen Klopp's prime summer targets is due to fly to Russia with France's World Cup squad after their game against the USA on Saturday. He came on in the second half of that game, which was at Lyon's home ground, to a great reception from the home fans.
The 24-year old came through Lyon's youth system and has made 153 appearances for the club, scoring 57 goals, having made his debut in 2013. Liverpool have
already signed Brazilian midfielder Fabinho from Monaco for £39m signing, while Naby Keita is joining from RB Leipzig in a deal worth £52.75m.