QPR striker Loic Remy's proposed move to Liverpool is off after the Reds pulled out due to concerns over the player's medical, Press Association Sport understands.
Remy has this week been with the Merseysiders in Boston, where they are on a pre-season tour, ahead of what was expected to be the completion of a deal reports suggested would be for around £8million.
With personal terms understood to have been agreed, it was initially thought that problems with paperwork had caused a delay to the transfer being sealed, but it now appears it will not go through at all because of Liverpool's worries relating to the France international's physical condition.
Remy, 27, scored 14 goals in the Barclays Premier League last season for Newcastle while on a season-long loan from QPR and subsequently played for his country at the World Cup.
He has been with the R's since January 2013, netting six goals in 14 appearances for them.
He was expected to become what would have been Liverpool's fifth new signing of the summer, with them having already recruited Rickie Lambert, Adam Lallana, Emre Can and Lazar Markovic.
It emerged on Friday that Lallana could miss the start of the new season after he injured a knee in training in Boston.
The 26-year-old England midfielder, who joined the Reds from Southampton earlier this month, sustained a knock to his lateral collateral ligament.