Liverpool have collected a tidy windfall from Hull City's signing of former Blackpool winger Thomas Ince.

Liverpool will receive £560,000 after Hull and Blackpool reached an agreement over a transfer fee for the signing of Ince, report the Liverpool Echo.

The Reds are entitled to 35 per cent of the £1.6m the Tigers will pay the Championship strugglers due to the sell-on clause they negotiated prior to the winger's exit from Anfield back in 2011.

Ince, the son of former Liverpool captain Paul, signed for Hull on a two-year deal last summer after his contract with the Seasiders expired. However, with him being under the age of 23 Blackpool were entitled to compensation.