The 24-year-old was anticipated to leave Liverpool in a permanent move in both the summer and winter transfer windows, but a temporary switch is what materialised.
In the end, it was Bournemouth‘s £1.5 million loan deal that the Reds agreed to, enabling Phillips to fight for the senior football he craves and that is not available at Anfield.
It is set to be reliant on James Tarkowski departing the Clarets as a free agent, which he is expected to do so after rebuffing contract offers.
Burnley have been namechecked as suitors since the early parts of last summer when Phillips was expected to bid farewell after a breakthrough campaign but the price was not right for either.
The Reds will be unlikely to budge too far from their valuation in six months’ time but as football continues its recovery from the pandemic there may be greater room for negotiation.