Lyon president Jean-Michel Aulas has ruled out finding a resolution before the World Cup begins, though, saying the deal is at a "standstill". The two clubs have agreed a transfer fee of 65 million euros plus 7 million in add-ons.
The Lyon captain has informed his boyhood club of his preference for Anfield and the deal is expected to be finalised before the 24-year-old heads to the World Cup.
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But L'Equipe claim that an agreement has been reached and Fekir's transfer is likely to be announced before the weekend.
Fekir's arrival will bring some much needed depth to Liverpool's midfield, and is seen as the flawless replacement for Philipe Coutinho, who transferred to Barcelona in January.
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The France global will undergo a medical at the club's Melwood training ground on Friday, according to L'Equipe.
According to the Independent, Lyon have changed their stance and are now prepared to sell Fekir to Liverpool before the World Cup kicks off. "We haven't set a price tag because we haven't discussed this [Fekir's transfer] yet".
An agreement with Naby Keita of RB Leipzig was struck this time previous year, while Monaco midfielder Fabinho has moved to Anfield as well.
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We're used to the dynamic of being ahead in a series and then having everything shift when you go on the road. "He's a scorer. No one knows what LeBron's future holds, and how this Finals pans out will likely play a huge role in his decision.