A lack of first-team action hasn't stemmed the flow of transfer rumours, with the likes of Arsenal, Chelsea and Tottenham all rumoured to be eyeing up the striker after his superb 20-goal Premier League haul last campaign.
It may soon turn into a two-horse race, however, as The Athletic claim that Spurs are 'unlikely' to win the battle, despite the club enjoying an exciting few months under new manager Ange Postecoglou.
Arsenal chief Edu is expected to make a move for Ivan Toney in January
The news isn't all positive from an Arsenal perspective, though, as a hefty signing-on bonus is believed to be raising eyebrows behind the scenes. Journalist Simon Phillips claims that the demands from Toney's entourage have not gone down well at Stamford Bridge.
If Edu is keen to capitalise and swoop for Toney uncontested, the Gunners will have to pay through the nose. Even without the extra add-ons, the former Newcastle United star is expected to cost in the region of £80million.
Toney has only completed two seasons of Premier League football, having fought his way through the lower realms of English football to become one of the top division's most coveted marksmen.
The forward will be desperate to hit the ground running once he returns to action, with a place in England's Euro 2024 squad up for grabs. Arsenal and Chelsea are both on the lookout for a first-rate striker who can take them to the next level.
The Gunners are top of the table after 17 matches, but Toney would face competition from Gabriel Jesus and Eddie Nketiah to nail down the solitary striker spot under Mikel Arteta.
His route into the Chelsea first team would be comparatively simple, but Mauricio Pochettino's side are floundering in 10th place, with no form of European football to make them more enticing than rival suitors.
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