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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As always it is the so called “big clubs” that have splashed the most cash in the transfer window so far this summer. Manchester United or City? Arsenal or Tottenham? Who are the winners and losers of the transfer window so far?
Being an amiable guy is good for you and Jurgen Klopp is living proof.