Sporting have made several offers to take the winger on loan for the second half of the season and were hopeful of bringing Camacho back to his native homeland.
Providing Hoever with support throughout-arguably to their detriment-Milner, the oldest player in Jurgen Klopp's squad, assessed the contribution of the youngest player, along with fellow debutants Rafa Camacho and Curtis Jones.
Liverpool might have hoped that the prospect of trading in a relegation battle for a title chase would entice the player himself; but Burnley were never likely to play ball and Tarkowski would still return to Turf Moor at the end of the season having turned his back on his team-mates in the battle for survival.
Henderson's absence would leave Jürgen Klopp short on midfield options, but the good news is that James Milner, Naby Keïta and Xherdan Shaqiri are all fit and available for selection.
In addition to his outing against Wolves, Camacho - who joined Liverpool from Manchester City's academy - made the bench for Liverpool's win over Manchester United last month.
Speaking to talkSPORT, he rejected any notion that he will dip into the market for a new defender to compensate for temporary squad thinness. Everything is sorted with buying players.
"But there are still a few days to go until we can have them in team training, until [Joel] is ready for contact, which for a centre half is pretty important".
Camacho could feature again for Liverpool this weekend as Klopp's side travel south to face Brighton on Saturday 12 January.