Corentino Tolisso has been heavily linked with a move to Napoli, but decided against this option.
The 21-year-old will stay at his boyhood club Lyon.
The Ligue1 club revealed that the Italian club was willing to pay up to €37.5 million for their youngster.
Latest rumours said that Tolisso had already agreed on a deal with Napoli, but Lyon announced now that he will definetly stay.
He's been playing since 2013 in the first team.
Their statement on the official website:
"Lyon are pleased to announce that Tolisso has decided to stay with Lyon this season despite strong interest from Napoli.
"[President] Jean-Michel Aulas said more than once in recent days that he could not imagine Corentin leaving despite the player's initial desire to join Napoli.
"Corentin informed Jean-Michel Aulas on Wednesday of his decision to stay after a long and positive conversation.
"This means L'Equipe were wrong to announce the transfer as a done deal, while they also got their reputed transfer fee of €26m wrong, with Napoli's offer actually worth €37.5m, of which €7.5m were bonuses.
"OL welcomes Corentin's decision to stay, which further illustrates his commitment to this club and the confidence he has that we will have a great season".
Tolisso said that he feels "very attached to this club and I not feel like leaving at this stage.
"I still have great things ahead of me with this club and look forward to having a great season".