Lyon have officially announced on Saturday evening that they have terminated negotiations with Liverpool over the sale of captain Nabil Fekir, confirming that the proposed transfer will not take place.
Following a complicated turn of events over the past days - with Liverpool reportedly being on the verge of signing Nabil Fekir and having gone as far as to conduct a medical with the Frenchman - Lyon have now decided to pull the plug following a hold up on the deal.
It was reported that Liverpool found problems with his medical examination, and despite conducting an interview with the player for their official television channel in the club's kit - leaked images have suggested as such - the Reds were believed to have had second thoughts.
In a statement on the club website, Lyon wrote: "Olympique Lyonnais informs that the tripartite negotiations with the Liverpool club and Nabil Fekir for the transfer of the captain of OL have not succeeded and that Olympique Lyonnais has decided to put an end to this negotiation tonight.
"Although the club Liverpool has been the priority of a possible transfer of Nabil, and subject to other proposals consistent with the interest of Nabil and OL and from ambitious clubs, Olympique Lyonnais is delighted soon to be able to count on the presence of the captain.
"He will lead the club going into the 2018/2019 season, during which the club will play in the Champions League - being in the 3rd hat of the draw."
Liverpool will be forced to look elsewhere for their much coveted Philippe Coutinho replacement, who departed the club to join Barcelona in January.