Schalke reportedly remained open to a potential offer from Liverpool for Kyriakos Papadopoulos on deadline day as manager Brendan Rodgers made moves to reinforce his defence before the close of the transfer window.
Although holding Papadopoulos in high regard, Schalke would have been willing to sell the player were an attractive offer made, but there was not a suitable bid forthcoming from Liverpool, or any other interested parties.
Zenit St Petersburg had also been credited with interest in the 21-year-old, but he will now stay with Schalke until the January transfer window at least.
After forgoing the opportunity to sign Papadopoulos, Liverpool instead chose to recruit defensive pair Mamadou Sakho and Tiago Ilori on the final day of the summer transfer window.
Injury to Kolo Toure led Liverpool back into the transfer market for recruits in defence, and the versatile Sakho - who normally operates at centre-back - was a £13 million acquisition from Paris Saint-Germain.
Ilori, 20, also a central defender signed from Sporting for a fee of £7 million, and will provide competition for incumbents Daniel Agger and, when he is fit, Toure.