Liverpool are on the brink of striking a deal with Burnley to secure the services of 21-year-old striker Danny Ings this summer, though Aston Villa's attempts to take Rickie Lambert from Anfield ended in failure last night.
Burnley have refused to jeopardise their fight for Premier League survival by letting Ings go in the January transfer window. But in a highly unusual arrangement, Liverpool are now expected to agree terms with the Turf Moor club in the next few weeks, in a deal which would see Ings arrive in June - possibly for a fee of around £5m.
Though Liverpool's hopes of an Ings loan-back deal was deemed a breach of Premier League rules, they are allowed to enter into a contract relating to the future transfer of a player, so long as the Premier League board agrees to the club's request to do so, having viewed the contract.
Brendan Rodgers' club believe that such a deal will allow them to see off competition for Ings' signature. Manchester City have made an inquiry about the player this month, while Tottenham Hotspur offered money and a player in exchange for him last week - an offer that the Premier League's 17th-placed side turned down flat.
Though the main deals of transfer deadline day were widely anticipated - Chelsea's £23.3m signing of Fiorentina Juan Cuadrado for a £23.3m fee which could rise to £26.8m and Andre Schurrle's departure to Wolfsburg for £22m - Tottenham Hotspur were also at the centre of late frenzy.
They loaned Aaron Lennon to Everton, with a view to a permanent deal after he turned down an approach from Stoke, while MK Dons' Delle Ali was last night undergoing a medical at the North London club with a view to a £5m move.