The Reds had seen very little interest in the former Burnley goalscorer, with the Merseyside club's valuation of £20m proving problematic for the striker. A deal appeared unlikely as the transfer window drew to a close, but it's understood the Reds and Southampton have submitted a deal sheet, giving the clubs an extra two hours to get a deal done.
According to the Mirror's David Maddock, the deal sheet was submitted in time and Ings is now on his way to the south coast to complete a move to the Saints. Whether he gets there in time however, is a whole different matter.
Although the transfer window closed at 5pm, a ruling exists whereby if two clubs can submit a deal sheet before the deadline, they're given an extension to complete the proposed deal.
It's this ruling that's allowing the clubs to move forward in a deal for Ings, though it's unclear whether this would be permanent or on loan.
Should Ings manage to complete his move in time, Southampton will address a major issue in their side - a lack of goals. Whilst he's been sidelined for a significant period, Ings is a proven goalscorer, and could be a valuable asset to the Saints.