Georginio Wijnaldum has rejected a move to the Premier League in favour of the switch to PSV Eindhoven, according to talkSPORT.
The 20-year-old is seen as the next big thing in Holland following a stunning season with Feyenoord.
But any hope Liverpool had of luring the attacker to Anfield appear over after has decided to continue his development in the Eredivisie.
“I’m still young and think I can continue developing into a better player. That’s why I have decided to stay in Holland,” he said.
Arsenal and Chelsea were also reportedly interested in Wijnaldum, but Liverpool led the race for a player who has been compared to fellow countryman Rafael Van der Vaart.
Liverpool have already broadened their midfield options this summer after recruiting Jordan Henderson from Sunderland.