Wolves have been linked with Toney, also wanted by Newcastle.
44 games in all competitions brought 10 goals and four assists, and the 19-year-old striker was showing a real talent. Kenny Jackett has been keeping close tabs on him, although he faces competition from a Premier League side.
The Daily Mirror claimed earlier this month that Newcastle were poised to sign the striker for £300,000, although that move has yet to be finalised, and now Wolves are preparing to steal in ahead and sign the young prospect.
Who is Ivan Toney?
A 19-year-old striker, Toney has played all his short career for Northampton, having progressed through their youth academy. He made his debut in 2012, registering an assist in an FA Cup loss to Bradford City, and then went on to feature more the following campaign - playing 13 games and scoring three goals.
The 2014/15 season was the breakthrough for Toney, as he played 44 games in all competitions, acting as Northampton’s main striker.
He has the positive combination of pace and power required for all strikers, and looks a real talent, even if Wolves would be signing a player unlikely to feature much in the first-team set-up for a long while yet.
If they could agree a deal with him, and then loan him back to Northampton, Wolves would be securing a deal which guarantees them the services of a talented prospect, whilst also allowing him to continue his development with competitive football.