Exclusive: English club told to get real after Celtic £3m offer is knocked back

Peterborough have been issued a stark warning over their asking price for Celtic target Ivan Toney by Alex Bruce.

Speaking exclusively to Football Insider assistant editor Russell Edge, the former Hull City defender warned that Peterborough could be pricing Toney out of the market.

Peterborough have a long standing asking price of £9m for their forward whose contract runs out at the end of next season.

As revealed by Football Insider, Celtic’s opening bid was between £2.5-3m was rejected while Brentford also lodged a £5m offer.

Peterborough Director of Football Barry Fry also claims he has batted away an approach from MLS side New York Red Bulls.

Football Insider now understands that the 24-year-old now has his heart set on a Premier League move after Brentford lost the Championship play-off final.

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Asked by Football Insider whether £9m is a fair price for the former Newcastle forward, Bruce said: “Peterborough have got to be a bit careful that they don’t price him out of the market with those figures.

“They obviously think he’s very valuable but with everything that’s going on with coronavirus and its financial impact on the lower league clubs I think the last thing they’d want to do is price him out of the market and blow the deal up.

“The money they might receive from him might see them through for a couple of years.”

Toney has scored 49 goals in 94 games for League One side Peterborough after joining from Newcastle United in summer 2018.

He never started for Newcastle making just four substitute appearances.

In other Celtic news, a top pundit has tipped a Premier League star to make the switch to Celtic Park.