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Rangers and Celtic are both interested in signing Ivan Toney but the Old Firm rivals would have to part with a staggering £15 million, according to Peterborough United’s director of football Barry Fry, speaking to The Mail (9 June, page 79).

With the transfer market suffering the effects of an ongoing global health crisis, the chances of Toney becoming the most expensive footballer in the history of England’s third tier feel rather slim right now.

It is no surprise that Celtic and Rangers have shown an interest, especially with Odsonne Edouard and Alfredo Morelos linked with big-money moves away from Glasgow.

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But with Peterborough refusing to budge on their £15 million valuation, Posh fans should be hopeful that Toney will stick around for another season – especially if Darren Ferguson’s side are promoted to the Championship if the 2019/20 campaign can be resumed.

“I’ve had agents on telling me that Rangers and Celtic are very interested,” admits the outspoken Fry. “But I haven’t had any calls from either Rangers or Celtic, personally.

“If they have any sense, they’ll pay us £15million to get him. If they haven’t any sense at all, then I won’t be hearing from them.”

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Talk about making your stance clear.

In all competitions, Toney has found the back of the net 26 times in 39 games this season, forming a fearsome understanding with the likes of Marcus Maddison, Mo Eisa and Siriki Dembele at the London Stadium.

A one-time Newcastle youngster will be back at the top sooner rather than later. But the chances of anyone taking a £15 million punt on a third-tier striker may be a little unlikely.

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