French media outlet RMC, as quoted by the Metro, is reporting that the Reds have struck a deal with the Ligue 1 side.
The same article states that Liverpool FC view the Lyon skipper as an indirect replacement for Philippe Coutinho.
The Brazil international moved to La Liga giants FC Barcelona in a £142m deal in the January transfer window following months of speculation.
Liverpool FC haven’t struggled without the South American following their impressive run to the Champions League final thanks to the goals of Mohamed Salah, Sadio Mane and Roberto Firmino.
According to the same story, former Reds boss Gerard Houllier has played a role in the deal given his role as an advisor to Lyon president Jean-Michel Aulas.
Indeed, RMC are claiming that Houllier travelled to England a few weeks ago to help Liverpool FC and Lyon conclude a deal for the 24-year-old.
Fekir has scored 17 goals and has made seven assists in 28 games in the Ligue 1 side in the current campaign.
Liverpool FC will take on La Liga giants Real Madrid in the Champions League final in Kiev.
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