The Reds have enough talented playmakers at the moment but they would have had one of the next best had the deal gone through.
Crystal Palace are rivalling Arsenal and Liverpool for the signature of Marseille youngster Maxime Lopez.
Marseille released a tweet on Tuesday that 16-year-old Maxime Lopez has signed his first pro-contract. Liverpool were heavily interested in the midfielder.
A selection of the latest stories related to Liverpool Football Club this Friday morning
Arsenal's chief scout Giles Grimandi was in Marseille this weekend to watch 16-year-old talent Maxime Lopez.
Available on a free transfer, Liverpool are looking to make a move to sign 16-year-old Maxime Lopez from Marseille.
A round up of the latest news from the Chelsea youth ranks and younger stars.