The Reds were keen on offloading Phillips in the recently concluded transfer window on a permanent basis and were seeking a fee around the €12m mark.
Liverpool waited until the last few days of the transfer window for a club to knock on their door for the centre-back’s signature, ready to match their price tag.
However, the Merseyside giants did not receive an offer from potential suitors ready to fork out the €12m fee for the defender and his club ultimately allowed him to join Championship outfit Bournemouth on loan on deadline day.
Eredivisie giants PSV Eindhoven were keen on bringing Phillips to the Netherlands last month but they were priced out of a swoop to snap him up on a permanent basis.
And according to Dutch daily the Eindhovens Dagblad, Rood-witten were left stunned as Liverpool reached an agreement with Cherries over a loan deal for the 24-year-old.
Phillips was the top of PSV Eindhoven’s transfer wish lift to reinforce their defence but they missed out on him.
Bournemouth will cover Phillips’ wages in addition to paying Liverpool a loan fee for his services, followed by a further bonus if they win promotion.
