"The 23-year-old has successfully completed a medical and agreed personal terms with the Reds, allowing him to fly out to Hong Kong to join his new teammates on their pre-season tour of Asia later this week," the club said in a statement.

The deal taking the France Under-21 international to Anfield is said to be worth an initial £69 million ($92 million), according to reports.

The Premier League champions switched their focus to Ekitike following Newcastle's refusal to sell Sweden striker Alexander Isak, who is valued at around £150 million by the Magpies.

Newcastle and Manchester United were also interested in Ekitike, but Liverpool have won the race for one of Europe's hottest young stars.

It is believed the Reds have agreed to pay a potential further £10 million in add-ons to sign Ekitike, whose overall price tag could reach £79 million.

Ekitike scored 22 goals in 48 games in all competitions for Frankfurt last season after joining the Bundesliga club from Paris Saint-Germain.

Liverpool have an opening in their forward line after Diogo Jota's recent death in a car crash in Spain.

The Reds are also believed to be willing to sell Uruguay striker Darwin Nunez, while Colombia forward Luis Diaz has been the target of a rejected bid from Bayern Munich.

Liverpool have already splashed out £116 million on Germany playmaker Florian Wirtz, as well as signing defenders Jeremie Frimpong and Milos Kerkez from Bayer Leverkusen and Bournemouth respectively.

Georgia goalkeeper Giorgi Mamardashvili has also linked up with Arne Slot's side since the end of last season after agreeing his move from Valencia in 2024.