After a season of not much success, Brendan Rodgers spent loads of money on the Liverpool squad before the start of the current season.

He bought in a number of big name players from and outside the country but could not hold on to his job more than 8 games into the season.

And with new manager Jurgen Klopp taking over the club, few players have not been able to live up to the expectations while others have performed enough to warrant another season.

However, one player who ended his season even before the German moved to Liverpool was Danny Ings.

The England international left Turf Moor after the end of the last season at which point his contract with Burnley expired.

He moved on to Liverpool on a free transfer but because he is less than 24-years old, the Championship side are entitled to a compensation which was decided by the Professional Football Compensation Committee that met in Manchester to decided the compensation the Reds owed to Burnley.

Both clubs failed to agree on terms on a fee in the summer and this saw the PFCC take charge. And it is now revealed that Liverpool will have to pay £6.5m plus £1.5m in add-ons for the services of the striker.

The Championship team were demanding £12m for the player and both clubs are said to be happy with the valuation.

This fee beats the valuation of star striker Daniel Sturridge at £3.5m plus £3m in add-ons when he moved to Chelsea from Manchester City and is the highest any club has ever had to pay for a free transfer in England.

It was also decided that Ings’ previous side Burnley will get 20% of the profits Liverpool make on the sale of the striker in the future.

“As the initial fee decided by the committee represents almost double the previous record for a tribunal, this fully justifies our decision to press ahead with what we felt was a fair reflection of the part Burnley Football Club played in Danny’s development,” said Burnley chief executive, David Baldwin.

Liverpool also gave their response on their official site that read:

“Liverpool Football Club would like to thank the PFCC panel for their time and diligence in deciding this matter.

“We believe the process was conducted fairly and we respect the outcome.

“We are pleased for Danny Ings, in particular, that this chapter is now complete and he can look forward to a long and successful career at Liverpool.”

The 23-year old who suffered an ACL injury during training way back in August is yet to make an appearance for Liverpool under Jurgen Klopp but there are reports that he is back on his fit and has started to train mildly.

He has no chance to play this season anymore but will hope to justify his price tag starting afresh next season.