The 18-year-old is considered to be one of Europe's brightest young defenders and according to reports manager Jurgen Klopp will look to secure his signature as soon as possible following the already-completed deal for Naby Keita from the same club - Keita will become a Reds' player on July 1, 2018.
Upamecano transitioned from sister club RB Salzburg and has already added three appearances on top of the 12 from last season for Leipzig.
The deal however could be jeopardized as reports suggest that Upamecano is in talks with his current club which could raise his release clause.
The young right back played for in the France U16 team that won the bronze in the 2014 Aegean cup, becoming the tournament's best defender in the process. He has moved up, since then, to the France U19 team where he has racked up six matches so far.
Upamecano joined Leipzig on a four-and-a-half year deal in January this year for a fee of €10 million.