Danny Ings made 30 appearances for Bournemouth before joining Burnley in August 2011
Liverpool have been told they must pay Burnley up to £8m for striker Danny Ings, a record for a tribunal ruling.
The fee is made up of a £6.5m guaranteed payment, with an additional £1.5m through various add-ons.
Ings, 23, moved from Burnley to Liverpool last summer at the end of his contract, but a tribunal was needed as the clubs could not agree a compensation figure.
Burnley will also receive 20% of any profit on a future sale.
Bournemouth, who sold Ings to Burnley for £1m in August 2011, will
receive a proportion of the fee, expected to be about £200,000.
Ings won his first England cap as a substitute in a 3-0 European Championship qualifying win over Lithuania in October
Burnley chief executive David Baldwin said: “This is an unprecedented record payment for training compensation and not a transfer fee.
“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 played in Danny’s development.”
The previous record compensation fee was the
£3.5m Chelsea were instructed to pay Manchester City in 2009 for striker Daniel Sturridge – a sum that rose to £8.3m following add-ons and a sell-on fee incorporated in the deal that took Sturridge to Liverpool in 2013.
A statement from Liverpool said: “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.”
Ings scored 21 goals as Burnley were promoted to the Premier League in 2014 and 11 in the top flight last season.
He scored three in eight appearances for Liverpool before suffering a knee injury which has kept him out of action since October.
Clubs have to pay compensation for players under the age of 24 who are out of contract.