By North-west correspondent Alex Stevens

Liverpool are preparing for a second striker case to go to a tribunal as they stand firm over out-of-contract teenager Jerome Sinclair, Football Insider sources understand.

An independent tribunal committee will meet at the end of April to settle on the sum Liverpool must pay Burnley following Danny Ings’ transfer to Anfield in the summer of 2015.

A Liverpool source has told Football Insider that a tribunal ruling could also decide the value of Sinclair as he plans to join another English club this summer.

Sinclair is in advanced talks to join Watford after being offered a contract by the Premier League outfit.

Liverpool had placed a £2million valuation on the striker in January but no club were prepared to match that figure. The 19-year-old’s deal expires in the summer but the Mersysiders are in line for a compensation fee under FA rules as the player is aged under 24.

If a compromise figure cannot be reached between Liverpool and Sinclair’s new club, a tribunal will decide the fee.

Meanwhile, an independent tribunal committee will meet later this month to decide the Ings fee, which Burnley are confident will dwarf the record £6.5million fee that Chelsea paid Manchester City for Daniel Sturridge in January 2010.

Liverpool offered around £4.5million for Ings but their claim as to the England international’s worth was not aided by Tottenham offering £12million for the forward, who was 22 at the time.

“The reason it is different to the ordinary is this tribunal claim will be the biggest in history,” Burnley chief executive David Baldwin told a fans forum last month.

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“The key to this was that we bring the claim against Liverpool, therefore we had to prepare an extremely robust case.

“You’re talking a documentation bundle of probably in excess of 400 or 500 pages with witness statements, evidence, analytics about player performance, the statement as to why we make a judgement as to what we believe the player is worth, compared to what Liverpool want to offer.”

In other Liverpool transfer news, the club are preparing for the summer exit of a 28-year-old who has been on the fringes of the first team.