According to the Independent Borussia Monchengladbach have entered the running for the England under-21 star.
Ings has impressed in the Premier League with strugglers Burnley and is out of contract this summer.
A move to another English side, though, would mean a compensation payment which would be between £3m-£5m.
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Danny Ings is wanted by Borussia Monchengladbach
However the Bundesliga side could take Ings for £260,000 under FIFA rules, which state Burnley would be able to claim €90,000 for every season Ings spent at the club up and including the one in which he turned 21.
Monchengladbach are closing in on a Champions League spot and are keen to recruit young players that could produce a high sell-on profit, and Ings, being 23, would fit that bill.
Ings has hit nine goals in 29 league games for Burnley this season having fired them up from the Championship with 26 last term.
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