We consider a 2D system that models the nematic liquid crystal flow through the Navier–Stokes equations suitably coupled with a transport-reaction-diffusion equation for the averaged molecular orientations. This system has been proposed as a reasonable approximation of the well-known Ericksen–Leslie system. Taking advantage of previous well-posedness results and proving suitable dissipative estimates, here we show that the system endowed with periodic boundary conditions is a dissipative dynamical system with a smooth global attractor of finite fractal dimension.