The 20-year-old joined Birmingham on loan on September 21 and made an instant impact at the club.
Lingard has scored six goals in seven games for the Championship side.
The England U21 international will now be available to feature in a further eight games for Birmingham.
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Liverpool have unveiled their new home kit for next season, sticking with the hugely popular retro styling of the current shirt.
The reputation of the Premier League means it is the most popular and one of the most watched leagues in the world.