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Last summer, Liverpool so nearly signed Fekir, but the deal fell through just before the World Cup began.
It has been unclear whether the Reds would return for the French attacking midfielder or not.
The report cites a local newspaper in Lyon, Le Progrès, that the announcement of a friendly between Liverpool and Lyon in Geneva this summer is a result of negotiations.
It's understood that Liverpool are unwilling to pay anywhere near the €50 million they would have last summer.
However, by arranging a friendly they could offset some of the fee with revenue from the game.
England captain Steph Houghton demands more televised games to help boost women’s football
