Derby seem to have become interested in the possibility of signing Ince, who they feel could offer a lot to their first team, but they believe the cost of the transfer is excessive as things stand.
Nottingham Forest had Ince on loan earlier in the season and did not have to pay a penny for his services, so Steve McClaren's men apparently feel that Hull's demands are too steep.
Ince is reportedly keen on the move though, as he is hoping to play first-team football which has been hard to come by at the KC Stadium.
What's the impact for Derby?
Hull's reported demands are certainly high, considering the length of the transfer, but if it turns out to enhance their squad then he will look like a bargain at the end of the season.
Derby are in a fight for promotion and if Ince can help them over the line then £300,000 seems a small price to pay for Premier League football.
It is a question of risk vs reward for McClaren's men and this will need to be a decision that is considered carefully by the club.
If Ince does come in he looks like a natural replacement for Jordon Ibe, who was recalled by Liverpool earlier in the season, and Derby may take solace in the fact that, by paying a fee, Ince would be guaranteed to spend the rest of the campaign with them.
There are still some concerns over the transfer though. Ince did not reach top form at Nottingham Forest earlier this season and there is no certainty that he will find his best at the iPro Stadium, either.
On his day Ince can be a stand-out player in the Championship, as he has shown before, but McClaren will need to help him back to his top form if he is to prove a worthwhile addition.