Jürgen Klopp is still keen on signing an attacking midfielder having already signed Fabinho, Naby Keita and Xherdan Shaqiri this summer.
And Lyon chairman Aulas believes there's a chance Fekir will still end up at Anfield before the transfer window closes next month.
"It seems to me that Liverpool could come back in," he said in an interview with le10sport. "That's what I've read in the press, but I've not been told anything.
"His transfer failed in June, but he hasn't been affected by it. He is focused on the World Cup, and he still has his heart in Lyon.