I'd happily see us loan Ox out for a season or two, at his age he can improve drastically from regular game time. Chelsea are a fine example of why we should be loaning young players not selling; De Bruyne, Lukaku, Sturridge (when fit). I know they were all loaned at some point, but Chelsea lost faith in them far too soon and it has come back to bite them. I don't want that happening to us with Ox (which I genuinely think is a possibility, he certainly has the potential to flourish in a side like Liverpool imo). Even look at Campbell and Coq; we kept faith in them way beyond what any other club would do and they have repaid the faith massively.
Right now Ox doesn't fit our system at all; he can't counter, he can't ball distribute and he's not particularly good defensively yet and hasn't got the composure in the final third. But most of those problems will be improved with regular game time. He's raw and we see glimpses of his potential occasionally when he bangs in a worldy or makes a great run, it's just those events are becoming rarer and rarer. I'd happily keep him until the summer, then sign a top RW player and loan him until he is at an appropriate level while Walcott and Campbell act as back up in the front 3 (and bin Welbeck, Sanogo for £5mil each and cut our losses, they've shown no sign of any improvement).