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Nunez - who was left devastated - was one of two players, alongside Curtis Jones, to miss from the spot as Liverpool lost on penalties at Anfield, with PSG securing its spot in the quarter-finals.
The French champion had earlier leveled the tie through Ousmane Dembele after Harvey Elliott’s winner in Paris a week ago.
Despite plenty of chances, Liverpool couldn’t get its nose back in front, with Nunez failing to make an impact after being introduced in the second half.
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Nothing perhaps summed up his and Liverpool’s frustrations more than an awkward moment with Luis Diaz as the clock ticked down in the second half.
With just around 10 minutes to go in normal time, Virgil van Dijk sent a long ball forward, which Nunez looked to chase down.
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We saw in Paris when we struggled but we won, and today we saw a very good Liverpool side but we're out of the competition.
"Today from the first second and then extra time, when fatigue kicks in for both sides, it becomes more open but especially regular time, we showed a very good game.
"We can speak about the game for ages but we're out of the competition, that is the reality."