The Russia international spent last season on loan at Villarreal, excelling in a wide position and earning plenty of plaudits for a number of outstanding performances.
His future at Madrid has often been in question, and rumours of a move to Liverpool started up in the summer and carried on even after Jurgen Klopp was appointed as manager.
However, the links to Liverpool can now be put to an end for the time being as fresh reports in AS state how the 24-year-old is to join Marseille on loan until the end of the season.
It represents a somewhat missed opportunity for the Anfield outfit, what with Cheryshev’s evident ability and likelihood to leave Madrid as a result of a lack of first-team football.
The La Liga giants have an abundance of talent for attacking options, restricting the former Burgos youngster to just two league appearances this season.
Liverpool have a distinct lack of width in their ranks, with Philippe Coutinho often pushed out wide to compensate while youngster Jordon Ibe has come into the fold more despite still being raw.
Klopp would be wise to make at least one or two additions in January in order to try and close the five-point gap on rivals Manchester United and the top four.