The France star was expected to be unveiled by Liverpool over the weekend after undergoing a medical, but Lyon confirmed the switch was off on Saturday, leaving Jurgen Klopp to look at alternative targets.
However, several reliable British journalists have alluded to the fact that Liverpool tried to renegotiate a fee after picking up on an underlying knee injury during the player's medical and Lyon grew frustrated with the way negotiations were headed.
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.
Translation: "We love you Nabil".More news: BlackBerry KEY2 with physical QWERTY keypad announced: Price, specs and more
More news: Sampaoli calls up Enzo Perez to replace injured Lanzini
More news: Russian Federation wants â€˜united and prosperous EU': Putin
"And when it comes down to it, it's all about the price tag".
"If Liverpool want to challenge for the Premier League title, they have to go and sign either this guy or a player of his ability".
Fekir came off the bench for France against the U.S. on Saturday evening.
"Hey, Liverpool, just get it done".
Overall, Nabil Fekir is undoubtedly a world-class talent who can strengthen Liverpool's attacking department.
Liverpool have already made some strong strides in the transfer market this summer, having recruited Fabinho from Monaco on top of the pre-agreed arrival of Naby Keita, and securing Fekir ahead of the World Cup would continue their excellent business. He'd even conducted an interview with the club's in-house tv channel, seemingly explaining the leaked photo of him which did the rounds on Friday.