The Frenchman has again enjoyed an impressive season for his Scottish club, scoring 20 times and registering six assists in 37 appearances in all competitions.
Edouard is expected to move on during this summer's transfer window, with Liverpool one of a number of clubs said to be interested in the 23-year-old.
However, according to Anfield Central, the Reds have withdrawn their interest in the centre-forward and will not pursue his signature in the upcoming market.
The report claims that the reigning Premier League champions had wanted to include Divock Origi in the deal, but the striker is not interested in a switch to Scotland.
Meanwhile, Edouard was allegedly left unconvinced by how much playing time he would receive at Anfield following a conversation with Reds boss Jurgen Klopp.