Mirror has also revealed how much the player will earn and the length of his contract.
They claim the 24-year-old will sign a five year contract worth around £140,000 a week.
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The deal is yet to be officially confirmed by the Reds.
Lyon have in fact rubbished the rumours by issuing a statement on their club's official website: “The information on the transfer of Nabil Fekir is false.
"Olympique Lyonnais categorically denies the false information disseminated by many media about the transfer of Nabil Fekir to Liverpool.
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"In this period of transfers where the slightest rumour is often presented as a reality, Olympique Lyonnais reminds that only the information disseminated by the club on its website is authentic."
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