The transfer collapsed last weekend as Fekir looked set to become Liverpool’s next summer signing.
Fekir had gone as far as to choose his shirt number and had been interviewed for the club website.
But the deal collapsed at the 11th hour and Liverpool are looking at alternatives.
However the Daily Mirror claim there is a way the move could still happen, but it would take the Lyon president to make a dramatic move.
It is claimed the ball is now in his and Lyon’s court in regards to the transfer, and they would have to come up with an agreement on the restructured fee due to concerns over Fekir’s previous knee injury.
That looks like a tall order, but not an impossible one.
Aulas is a tough negotiator and had denied a transfer was ever close before Lyon then released a statement to say the plug had been pulled.
He was keen for talks to take place after the World Cup to encourage a bidding war if Fekir played well in Russia.
Fekir is also wanted by Bayern Munich and Atletico Madrid but made it clear Liverpool was his preference.
And that forced Lyon to negotiate with Liverpool and agree a £53m deal on Thursday last week.
The transfer was then expected to be announced on Friday with Fekir undergoing a medical at France’s training base in Clairefontaine.
However the deal collapsed over the weekend and looks dead in the water for the time being but could still happen after the World Cup.
Liverpool’s alternatives include Thomas Lemar, Ousmane Dembele and Julian Draxler while Xherdan Shaqiri’s move is close to be wrapped up.
Richarlison could also be on the move after Paddy Power slashed his price from 33/1 to 4/1 to join Liverpool this summer.