Aims The differential diagnosis of small hepatocellular nodules in cirrhosis between dysplastic nodules and hepatocellular carcinoma (HCC) remains challenging on biopsy. As TERT promoter (p TERT ) mutations may indicate the nodules already engaged in the malignant process, the aim of this study was to identify histological criteria associated with p TERT mutations by detecting these mutations by ddPCR in small formalin‐fixed paraffin‐embedded (FFPE) hepatocellular nodules arising in cirrhosis. Methods and results We built a bicentric cohort data set of 339 hepatocellular nodules < 2 cm from cirrhotic samples, divided into a test cohort of 299 resected samples and a validation cohort of 40 biopsies. Pathological review, based on the evaluation of 14 histological criteria, classified all nodules. p TERT mutations were identified by ddPCR in FFPE samples. Among the 339 nodules, ddPCR revealed p TERT mutations in 105 cases (31%), including 90 and 15 cases in the test and validation cohorts, respectively. On multivariate analysis, three histological criteria were associated with p TERT mutations in the test cohort: increased cell density ( P = 0.003), stromal invasion ( P = 0.036) and plate‐thickening anomalies ( P < 0.001). With the combination of at least two of these major criteria, the AUC for predicting p TERT mutations was 0.84 in the test cohort (sensitivity: 86%, specificity: 83%) and 0.81 in the validation cohort (sensitivity: 87%, specificity: 76%). Conclusions We identified three histological criteria as surrogate markers of p TERT mutations that may be used in routine biopsy to more clearly classify small hepatocellular nodules arising in cirrhosis.