Konate, 23, has been a target for a number of Premier League clubs over the last few years after impressing for club and country.
The Foals will play the first leg away at the Stade de Suisse on Aug. 16-17. The second leg will take place at the Borussia Park on Aug. 23-24.
Socceroos striker Tomi Juric has had a dream starting debut for Swiss club FC Luzern, scoring a brace.
The Switzerland forward will join Barcelona's Under-19 team after he completes training with Barca B, the club said in a statement.
AS Roma have confirmed that striker Seydou Doumbia is to join Swiss club FC Basel on loan for the season.
Embolo, 19, who started for Switzerland in the goalless draw with France at Euro 2016 on Sunday, could be on the move this summer.