Undisclosed fee agreed for Taylor
A tribunal had been set to finalise the compensation figure for the 23-year-old left back, who joined the Clarets earlier this month on a four-year deal after reaching the end of his existing contract at Elland Road.
However, the tribunal will not now be necessary after the two clubs agreed an undisclosed sum.
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Hide AdDuring initial discussions, the clubs had been some way apart over a fee, but hoped to come to a compromise to avoid the lottery of a tribunal panel sitting and deciding the outcome for them.
The Whites are due compensation as Taylor is under the age of 24, and were hopeful of getting more than £5m, although the Clarets felt they could get him for less.