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Published 11:39 24 Jul 2017 BST
Updated 11:40 24 Jul 2017 BST
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The German club has priced the 22-year-old in excess of £70m but Liverpool have already had two bids rejected for the player of about £57m and £66m respectively.
However, there is hope that Keïta may end up in Anfield as soon as next summer.
According to the paper, the Guinean midfielder has a release clause in his contract that kicks in from 2018 which would allow Liverpool to purchase the player for £48m.
The Times also reported that Liverpool have rejected a £72m bid from Barcelona for midfielder Phillipe Coutinho, news that will, no doubt, delight fans of the club.
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