Gusto is now in his fourth season at Chelsea after joining in a €35m (£30.7m) from Lyon in 2023.
Liverpool have been in the market to sign a new right-back as Conor Bradley is sidelined with a long-term knee injury, which leaves Jeremie Frimpong as Andoni Iraola’s only experienced option in that position.
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However, Liverpool were unsuccessful in their talks with Chelsea over a deal for Gusto on deadline day.
According to RMC Sport, Liverpool wanted a loan deal without an obligation to buy the France international.
Malo Gusto has started both of Chelsea’s Premier League games this season (Getty)
However, Chelsea were pushing for a permanent transfer which Liverpool rejected.
Gusto featured for France at the World Cup this summer which meant his pre-season campaign with Chelsea was shortened.
However, the 23-year-old has started in both of Chelsea’s Premier League wins over Fulham and Brighton.
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