Liverpool are now reluctant to splurge more than £50m on the France worldwide.
Lyon President was hoping for Nabil Fekir's good performances for France in Russian Federation will drive up his price. The 24-year old Fekir had a magnificent season with Lyon scoring 23-goals and laying down 8-assists in all competitions, making him one of Europe's hot property.
He has two years left on his contract but appeared to bid farewell to fans when he was substituted in Lyon's final game of the campaign.
Lyon president Jean-Michel Aulas does not expect Liverpool target Nabil Fekir to move before the end of the World Cup.
The Stoke City winger is capable of playing anywhere across a front three and would be a very good (and cheap) option from the bench while Nabil Fekir can play on either wing, as a false nine and a little bit deeper as a number 10.
There is still a long way to go for the deal to conclude although Fekir's agent, Jean Pierre Bernes made it clear that negotiations were likely to take place.
Hughes writes that a crucial turning point for Liverpool is the fact that Fekir did not feature when France beat Italy 3-1 last weekend, prompting Aulas to realise that a "pre-World agreement just might be the best way forward for Lyon".
"Liverpool's interest exists, but for now, there is nothing done and other clubs can also happen".
Fekir is wanted by Liverpool, who have already failed with an offer to sign him and are scrambling to put a deal in place before he heads to Russian Federation with the France squad.
Aulas had initially been stoic in his approach to the Fekir transfer, but has since indicated that he would be willing to do business with Liverpool, assuming the price is right.