Ojo showed signs of real promise last season following his return from Wolves.
He did not get the game time he would have liked as he made 19 appearances scoring three goals but was not seen as a regular starter.
After Jurgen Klopp's appointment at Liverpool, he was recalled along with a whole host of other young players who were spending time on loan.
He did get his fair share of opportunities as well, and made 11 appearances in a red shirt as he was used both from the bench and as a rotation option as Liverpool went in search of glory in the Europa League.
Liverpool's disappointment in that competition, however, has subsequently left them without European football and fewer games for the likes of Ojo. The 19-year-old does need games, but given the talent he displayed when he returned to Liverpool you can see the temptation in keeping him at the club.
He is very direct, offers a huge amount of pace - something Liverpool lacked among their recognised stars last season - and has a final ball that can be used to great effect, even if all areas of his game are still in need of development. He impressed both against AC Milan, where he played a large part in Roberto Firmino's goal, and found the net against Roma on the pre-season tour of the United States.
As impressive as he was in those two games, it is hard to see how he gets in the side on a regular basis, and he may well be relying on the side going into the latter stages of both cup competitions in order to get his game time.
Klopp will not just loan him out to anybody as it seems the stance has changed on loan deals since his arrival; he wants his players to go to a club that is suitable for their development and means they can return and contribute to Liverpool at some stage in the future.
It is not hard to see why Klopp will want to keep hold of such a talented player, and maybe an injury to one player in the attacking midfield area could present Ojo with an opportunity to get a decent run in the side, but for more game time a suitable loan move may be the best option. It is a hard balancing act the Reds' boss has to strike with a very promising player.