Newcastle United set to MISS OUT on January transfer window windfall as club stand firm

United sold Ivan Toney for around £350,000 to Posh in the summer of 2018 and he’s since went on to score goals galore in the third tier.

And that’s attracted plenty of interest from clubs in the Premier League and Championship.

Reports suggested Posh valued Toney at £13million, with Bournemouth keen, but Barry Fry says that's wide of the mark.

Speaking to the Peterborough Telegraph, the Posh director of football said: “That £13million valuation is nonsense.

“We haven’t set a fee for Ivan because we have no interest in selling him. If he did go it would set a record fee for the club which incidentally is £8million for Britt Assomablonga and then £7.5million for Dwight Gayle when you include the add ons.

“But our board love Ivan and he isn’t going anywhere. We might have a problem with Ivan if he gets a whiff of a million pounds a year contract, but he’s a good lad with his feet on the ground and he knows that sort of offer isn’t likely."

Newcastle inserted a sizeable sell-on clause as part of the deal to sell Toney to the London Road outfit.

This season Toney has netted 12 goals and Fry also revealed the club turned down a £4 million bid from an unnamed Championship club for Toney in August.