CHERRIES are set to cash in further on Danny Ings once the finer details of their former striker’s move from Burnley to Liverpool have been completed.

Ings will join Liverpool on July 1 – subject to a medical – after finalising terms with the Reds, although the length of the deal is yet to be announced.

Although Ings is out of contract at Turf Moor at the end of the month, the Clarets are entitled to a fee as he is under the age of 24.

And unless the two clubs can reach agreement, a level of compensation would be decided by an independent committee at a transfer tribunal.

Burnley have already rejected Liverpool’s initial offer of around £4million and value the player at closer to £7m with negotiations ongoing.

Ings left Dean Court for Turf Moor in August 2011 when he was signed by then-Burnley boss Eddie Howe for a fee rising to £1million.

The deal included a sell-on – which is believed to have a ceiling of around £200,000 – and Cherries would expect to bank the maximum whether a fee is agreed or determined by a tribunal.

Released by Southampton when he was a schoolboy, Ings was invited to join the ranks at Dean Court by Joe Roach during his first spell heading the youth department.

Handed his full debut as an 18-year-old by Howe at MK Dons in December 2010, Ings netted seven times to help Cherries reach the League One play-offs and scored again in their epic 3-3 draw at Huddersfield in the semi-final.

Although his playing time under Howe at Burnley was restricted by serious knee problems, Ings battled back to become one of the hottest striking properties in the country.

He struck 11 goals in 35 Premier League appearances last season, his first in the top flight, having found the target 21 times in the previous campaign to help the Clarets secure promotion from the Championship.

Capped nine times by England under-21s, Ings, who has also scored four goals for his country, netted seven times in 27 league appearances for Cherries and also served Dorchester on loan.