Lazar Markovic's potential move to Anderlecht has fallen through, a source has confirmed to ESPN FC.
Liverpool agreed a £2.9 million deal with the Belgian side -- where he spent the second half of last season on loan -- but the player failed to agree personal terms prior to Friday's European transfer deadline.
The winger had been free to leave Liverpool all summer, with his Anfield contract due to expire at the end of the season.
The 24-year-old has made 34 appearances for the Reds following his £20m move from Benfica in the summer of 2014.
Having found himself out of favour under managers Brendan Rodgers and Jurgen Klopp, the Serbian last featured for Liverpool in May 2015 and has had spells out on loan at Fenerbahce, Sporting Lisbon and Hull City.
Meanwhile, Divock Origi will be staying put at Liverpool at least until January, with the Reds unwilling to let the Belgian striker depart on loan or on a permanent transfer way below their valuation of the player.
Borussia Dortmund were among the teams interested in the 23-year-old, until Liverpool broke off negotiations with the Bundesliga side.