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The Gunners are believed to be vying for the signature of the France under-21 international, alongside Liverpool, Manchester United and Chelsea.
Mikel Arteta's team continue to be linked with offensive reinforcements this summer as part of a squad overhaul, aimed at propelling their Premier League challenge to new heights.
Sporting CP's Viktor Gyokeres and RB Leipzig's promising talent Benjamin Sesko have been named as potential targets for the Gunners, but reports suggest little headway has been made.
According to German publication BILD, Arsenal has joined the chase for Ekitike as an alternative to Gyokeres or Sesko.
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Gunners' sporting director Andrea Berta is also reportedly 'considering' former Manchester City forward Julian Alvarez in addition to Ekitike, despite the Argentine only moving to Atletico Madrid last summer.
It's suggested that the new Gunners chief and Arsenal are reluctant to shell out for a $115 million (£84 million)-rated striker, but if it fails to secure a deal for Gyokeres or Sesko and a larger sum becomes necessary, Ekitike could become a viable option
However, Arsenal will face competition from Premier League rivals, including the reigning champions, Chelsea and United.
BILD reports that Liverpool has engaged in discussions with Ekitike's representatives and have indicated that bolstering their attack is a priority.
Despite clinching a second top-flight title in the space of five years, Liverpool has been incredibly busy in the transfer market, splashing out over $250M to bring in Florian Wirtz, Jeremie Frimpong, and Milos Kerkez to bolster their attacking ranks at Anfield.
The Reds are now contending with growing interest in some of their key forwards as Cody Gakpo, Luis Diaz, and Darwin Nunez find themselves linked with moves away due to reported attention from various clubs.
Nunez's future seems especially uncertain, with rumours swirling about a departure from the Premier League
Serie A toppers Napoli appear keen on striking a deal for the Uruguayan, hoping to offset some of the sizeable fee they forked out to Benfica.
Should Liverpool offload Nunez, it is expected to dive back into the market for a stand-in, and Ekitike has been mentioned as a possible candidate to step into the breach.
Securing the Frenchman won't come cheap though, with Eintracht Frankfurt believed to be holding out for a cool $115 million (£85m).
"He's one of the most interesting strikers on the European market
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