Newcastle bid £ 70M for an exit in this month, while Liverpool has shown interest in Magpies Striker Alexander.
Ekitike scored 15 goals in 31 as Frankfurt finished third in Bundesleiga last season.
Their arrival will carry forward the spending of Liverpool’s last £ 250 meters in this summer.
He signed a florian interests for a potential British record £ 116 meters, while Defender Milos Curcaase and Jeremy Frimong came for a combined £ 70 meter.