By Liverpool correspondent Cam Downes

It has cost Liverpool around £28million to lure Danny Ings to the club, Football Insider sources understand.

The Merseysiders announced today that Ings will join Brendan Rodgers’ team when his Burnley contract expires at the end of the month.

Liverpool remain in negotiations with Burnley over the transfer fee that must be paid for the player in accordance with Fifa regulations for training costs for players aged under 23. It is expected to be settled at around £4.5million rather than be decided at a tribunal.

Football Insider revealed last Friday that the deal had been finalised following talks between Liverpool and representatives of the England Under-21 international.

It is understood that Ings has agreed a five-year contract with a basic salary of £80,000-a-week supplemented by a £1.5million signing-on fee and performance-related bonuses. Adding in the likely transfer fee and Ings could cost Liverpool around £28m over the course of his five-year contract.

The 22-year-old was closely pursued by Tottenham, who offered Burnley a staggering £12m for a player out of contract at the end of the month but, as revealed by Football Insider last month, he reassured Liverpool he still wanted to move to Anfield.

Football Insider revealed last month month that Ings had agreed personal terms with Liverpool, who have offered the player more than triple what he was earning at Burnley.

It brings to an end Liverpool’s pursuit of Ings, which began before Christmas and has accelerated in the last few months, with the player telling City he would not accept their offer of a new contract.

In a statement on Monday morning, Liverpool confirmed: “Liverpool FC are delighted to announce that they have agreed personal terms with Danny Ings and, subject to a medical, the striker will join the club on July 1 after his contract with Burnley has expired.”