But the transfer window is still long and everything goes very quickly in football.
Fekir enjoyed a superb campaign past year that saw him provide 23 goals and 8 assists to help Lyon finish third in the Ligue 1 table and his form saw him earn a place in the French squad that went on to lift the World Cup in Russian Federation last month.
Lyon now face an anxious wait to see if either Premier League side mounts a late bid for Fekir, who scored 18 goals in just 28 Ligue 1 starts last season.
The French worldwide was linked with a number of Europe's biggest clubs following a spectacular season with Lyon that saw him rack up 24 goals and 9 assists across all competitions last term.
Fekir would have been happy to move to Anfield and join the Jurgen Klopp project. "I am very happy here", he said in quotes obtained via the Mirror.
Pep Guardiola reveals the one signing he wants before the deadline
It was a management technique that Guardiola was happy to expand upon as he spoke before City's match against Chelsea at Wembley. While Agüero hogged the Wembley spotlight, there was also an eye-catching display from Phil Foden . "He feels free.
Fekir was thought to be on the brink of a £57m move to Liverpool FC from Lyon as the Reds looked to improve their attacking options following Philippe Coutinho's exit in January.
Lyon manager Bruno Genesio has refused to rule out the sale of Nabil Fekir before Thursday's transfer deadline for English clubs. So I still feel I need a proper season of playing. I am very good here.
"We do not know what will happen in the future but I am very good here".
Asked about his situation, the midfielder said: "If I think of staying at OL?"
A successful campaign in Russian Federation with France has seen the 24-year-old's value skyrocket and it would now make much more sense to wait another 12 months to sign Fekir as the Reds did with Naby Keïta.