Lyon have announced that they have ended negotiations with Liverpool over the sale of Nabil Fekir and the attacker will now remain at the French club.
"The transfer has not been done and even less so at this price", Jean-Michel Aulas, the Lyon chairman said in a message to l'AFP.
Fekir is due to fly to Russian Federation with France'sWorld Cup squad after their game against the US on Saturday.
"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 made a decision to put an end to this negotiation", read a statement on the club's official website.
However, instead of the anticipated arrival of a club statement confirming the latest transfer coup, enough concerns materialised to ensure the signing did not progress as planned. 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.
British and French media have been reporting for several days that the 24-year-old, who is part of France's World Cup squad, was on the verge of joining Liverpool for 60-70 million euros (USD 71-82 million).
The 18-time English champions are keen to secure Fekir's signature ahead of the World Cup in Russian Federation.
However, reports in France suggested the delay may be down to Lyon's accountancy practices wanting the deal to be completed in the new financial year. "There is something logical, it has already been done for others".