The France global was expected to join Jurgen Klopp's side before Les Bleus left for the World Cup, but OL have now ended talks and called off the deal.
Known for his outstanding technical abilities, the 24-year-old will prove to be a fantastic addition to this Liverpool team, who have shown tremendous potential over the past few months.
Lyon have called off negotiations for the sale of forward Nabil Fekir to Liverpool, the French club announced on Saturday.
"The club is disappointed that Le Progres didn't go to the effort of contacting us before publishing this false information, which creates confusion on the day the club is publishing its annual figures".
"Hey, Liverpool, just get it done".
Liverpool were keen to get a deal for Fekir over the line before the World Cup in Russian Federation, where he will be in the France squad, but that will not happen now and it remains to be seen whether this deal is revisited and revived later in the summer.
Overall, Nabil Fekir is undoubtedly a world-class talent who can strengthen Liverpool's attacking department.
Fekir's agent confirmed earlier this week that although Liverpool were interested in signing his client, the deal was far from being completed.
The most heartbreaking thing is that Fekir has already conducted his first interview with LFCTV and would have thought things were completed.