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The 21-year-old, who has been associated with a potential move to Liverpool this season, is reported to have declined an offer from Paris Saint-Germain last summer.
Cherki's appeal has only grown following his pivotal role in Lyon's thrilling Europa League encounter with Manchester United.
His goal in extra-time looked to have helped sent Lyon to the semi-finals before the Old Trafford side staged a late, late comeback, with Harry Maguire's goal clinching a staggering 5-4 victory in extra time.
Cherki has been linked with both Liverpool and United, and such a signing for would have been consistent with the former's 'opportunistic' transfer policy outlined by sporting director Richard Hughes and head coach Arne Slot during their inaugural term.
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If he performs, Manchester United I'm sure they'll be having a good look at him tonight but there will be many other clubs in England having a good look at him."
As Scholes previously mentioned, Lyon are facing financial woes, with French football's financial watchdog, the National Directorate of Management Control (DNCG), imposing a winter transfer ban and a provisional relegation on the Ligue 1 outfit at the end of this season due to their financial mismanagement.
Liverpool.com says: Cherki was certainly impressive for Lyon against United, and he didn't deserve to be on the losing side
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