The 20-year-old was given permission to speak to the Cherries after their bid was accepted, but Ibe has been deciding whether or not to make the move to the South Coast as he waits and hopes for alternative offers.
With starts likely to be limited under Jürgen Klopp, given the competition for places in the final third and the lesser number of games next season, Ibe has to decide whether he wants to stay and fight for his place or gain more regular first-team football for Bournemouth.
The deal is currently in the balance as Ibe weighs up his options, but should he decide to move to Eddie Howe's outfit - who finished 16th in their first-ever top-flight season last term, 15% of any transfer fee would be owed to Wycombe Wanderers.
Liverpool snapped up Ibe from the League Two side back in 2011 for around £500,000 when he was just 16, and would owe his former club a share of the profits if the sale goes through.
But in order to protect themselves, should Ibe begin to realise his obvious potential at Bournemouth - Liverpool have organised a buy-back clause to be put in the deal.
They have done the same with Sergi Canos, who has been the subject of accepted £2.5 million bids from Bristol City and Norwich City in the last few weeks, as they look to ensure they can bring players back to Merseyside should they benefit from regular football elsewhere.
Once one of the club's most highly-rated youngsters, Ibe's potential move completes forgettable last 12 months
Ibe, who only signed a new five-year deal in May 2015, remains contracted to the club until 2020 with former manager Brendan Rodgers having tipped him for big things.
Such was his impact in the second-half of the 2014-15 season, his powerful, direct style helping him make an unnatural wing-back role his own - Ibe was the only winger left in the first-team squad after Lazar Markovic was sent out on loan to Turkey's Fenerbahce.
Ibe had been touted as the replacement for Raheem Sterling when his countryman completed a £49 million move to Manchester City only one year ago, but such development has failed to materialise.
Despite scoring three goals, including his first Premier League goal on the final day of the season with a stunning solo effort away at West Bromwich Albion, Ibe started just 16 of his 35 appearances last term.
But his disappointing performances, coupled with his failure to really adjust to Klopp's demanding style, meant the England Under-21 international's future always appeared uncertain.
Ibe - who has scored four goals in a total of 58 senior appearances - was linked with moves to a number of clubs across the summer, including a loan switch to West Brom and a switch to Southampton as part of the deal that saw Sadio Mane sign for the Reds.
But due to the incredible amounts of money pumped into the league by the new £5 billion TV deal, Bournemouth have been able to prepare a package which was too tempting for Liverpool to reject.
With Liverpool also preparing to receive £2.5 million for youngster Sergi Canos, and a potential £30 million for bit-part striker Christian Benteke, the club could soon boast a positive net spend having spent only £35 million on Mane and goalkeeper Loris Karius so far.