The Daily Mail is reporting that the 24-year-old attacker is poised to sign for the Reds in a £53m deal this summer as Jurgen Klopp looks to further strengthen his squad ahead of next season.
According to the same story, Liverpool FC boss Klopp has identified Fekir as a long-term replacement for Philippe Coutinho at Anfield.
The same report says that a five-year deal worth more than £140,000 per week is on the table for Fekir, but the move is yet to be completed.
It is claimed that the midfielder was due to undergo a medical with the Reds on Friday but the transfer was not confirmed.
And Lyon then issued a public statement insisting that a transfer was not close.
Liverpool FC began their summer spending at the start of the transfer window when they wrapped up a deal to sign Brazilian midfielder Fabinho.
The Reds are looking to assemble a squad capable of challenging for the Premier League title next season, with the Merseysiders having finished fourth last term.
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