By Wayne Veysey

15th Jun, 2020 | 7:00am

Ibrox Exclusive: Rangers surge ahead of Celtic in multi-million centre-forward race

Rangers have surged ahead of Celtic in the race to prise goal machine Ivan Toney from Peterborough United this summer.

The League One club’s recruitment chief Barry Fry revealed the two Glasgow giants are interested in the 24-year-old after he was put for sale following their promotion heartache.

A recruitment source has told Football Insider the two clubs currently leading the multiple-team fight for Toney are Rangers and West Brom.

This site revealed last week the Baggies are keen on the centre-forward regardless of whether they get promoted or not.

Slaven Bilic’s side are in the market for a front man after failing to adequately replace Jay Rodriguez last summer as well as former loan star Dwight Gayle.

But they face competition from north of the border for Toney, who has developed into one of the most feared marksmen outside of the Premier League.

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In two seasons since signing from Newcastle United, he has banged in 49 goals in 94 Peterborough matches as well as provided 15 assists.

In the League One campaign that was curtailed last week to destroy Posh’s hopes of going up, Toney scored 24 goals, a remarkable nine more than his closest rival.

The third-tier English outfit have a history of securing top dollar for the many prolific strikers they have had on their books in their last decade – including Gayle, Jack Marriott, Britt Assombalonga, Craig Mackail-Smith and Conor Washington.

Fry warned that it will cost £15million to prise Toney from his club this summer.

The relality, the source explained, is that he will be far cheaper than that and probably half of what Posh are holding out for.

He attracted interest from Middlesbrough in the January window, while Football Insider revealed last summer that Charlton Athletic had a £4million bid for him rejected.

In other Rangers news, it can be REVEALED that the club have made a decision on landing new full-back after Calvin Bassey agreement.