According to reports, Albert Lira, who currently plays for the Slovenian NK Celje team, is a popular candidate for Frankfurt’s head coach.
Sky Germany and Bild believe the Spaniard can now take over the position after Dino Topmoller was sacked.
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The two clubs are currently in final negotiations, although Celje is reportedly unwilling to let their successful coach leave.
However, Frankfurt are confident of finding a solution as soon as possible and will pay the transfer fee for the 43-year-old player no matter what.
“We are in the sprint to reach an agreement,” board spokesman Axel Hellmann told a meeting in Frankfurt on Monday.
Links with other potential candidates, including former RB Leipzig boss Marco Rose, appear to have gone quiet of late.
With Hesse currently in eighth place, their goal of qualifying for Europe again is particularly at risk.