The Portuguese youngster has not had an impact at Villa Park.
The Liverpool Echo has been reporting this week about the future of the young Portuguese defender. They claim that Villa have a buying option in place for the player - for a fee between £6-£9 million dependent on the amount of appearances he makes in the Midlands.
However Aston Villa have not used the youngster and, at present, have no plans to bring him in on a permanent deal.
With that in mind he could be sent back to Liverpool early, but this seems unlikely as the Anfield club have no recall option for the player.
The report suggests that Ilori will remain at villa until the end of the season before returning to training with Liverpool in July.
The Hampstead-born Portugal under-21 international arrived at Liverpool from Sporting Lisbon in the summer of 2013, in a deal reportedly worth around £8 million – according to the Daily Mirror.
He has already spent two spells out on loan away from Liverpool in the past two years.
He spent the end of the 2013-14 season on loan at La Liga outfit Granada and impressed sufficiently for Ligue 1 side Bordeaux to take him on loan for the 2014-15 campaign – where he played 14 times and scored once.