The 19-year-old has impressed on the club's pre-season tour, which has now moved on to Kuala Lumpur in Malaysia, and is likely to get more first-team chances after Sterling's £49million departure to Manchester City.
Ibe was recalled from a loan spell at Derby midway through last season and make an impact in most of the 14 appearances he made for Brendan Rodgers during the remainder of the campaign.
With Sterling now gone after a protracted transfer saga there is a spot to be filled and the former Wycombe player, who coincidentally shares the same birthday as Sterling but was born 12 months later, has his eyes on it.
"Football is about chances," he told the official site.
"Raheem is a great player but hopefully now I will get a chance to play and prove to the manager that I can play in the Premier League."
Although Sterling has left the club after six months of wrangling over a new contract he remains a divisive figure among fans and Mario Balotelli's tweet of support for the youngster he scored in a friendly for his new club provoked an angry response.
Folllowing criticism on social media the Italy international, who was not taken on the pre-season tour and is not part of manager Brendan Rodgers' plans, wrote: "Liverpool fans are amazing but I hope@sterling31 will play at his best because he deserves it.
"Support him like you always did. He gave everything to this club and respect (sic) it so I'm sad to see this. YNWA, Liverpool is a family ALWAYS."