"Olympique Lyonnais informs that the tripartite negotiations with Liverpool and Nabil Fekir for the transfer of the captain of OL have not succeeded and that Olympique Lyonnais has chose to put an end to this negotiation", read a statement on the club's official website.
"I felt optimistic about it because the medical visit he had was positive".
Liverpool's attempts to renegotiate the transfer fee to take Nabil Fekir from Lyon to Anfield at the eleventh hour was the trigger to the proposed £53m transfer falling through on Saturday evening, according to the Mirror.
Lyon president Jean-Michel Aulas is notoriously tough in transfer business but it is my understanding the deal has not fallen down because Liverpool tried to renegotiate the terms of the deal.
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Highly regarded as one of the best attackers in French top flight, Nabil Fekir has been the rising star of European football this season.
The French global scored 18 goals whilst chipping in with seven assists, ultimately helping Lyon to secure Champions League qualification as well as giving last season's defending champions AS Monaco a run for their money.
"He will lead the club going into the 2018/2019 season".
The collapse - for now at least - of Liverpool's move for Fekir will be a setback for Jurgen Klopp.
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"Olympique Lyonnais categorically denies the false information disseminated by many media about the transfer of Nabil Fekir to Liverpool".
Liverpool have been linked with the 24-year-old attacking midfielder for some time, and this week, there appeared to have been major developments.
"The midfielder was due to complete a medical at France's Clairefontaine training complex this morning, before his national team depart for Lyon to prepare for their final World Cup preparation game, against the U.S.".
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