Brentford will not have to hand over 30 per cent of any transfer fee earned for Ivan Toney, it has been revealed amid talk of a January transfer to Arsenal.

The Gunners are strongly linked with signing a new striker this month and Toney is a top target, with the England international also interesting Chelsea.

However, Brentford will demand a huge fee to let him leave as they stare down an injury crisis and a possible relegation battle in the second half of the season. Some have even suggested that £100million will be required to sign him in the coming weeks.

That has prompted reports of a 30 per cent sell-on clause being agreed between the Bees and Peterborough when Toney moved to west London in 2020 - 30 per cent of which would then be owed to his previous club, Newcastle.

Such a high fee could lead to Brentford forcing the player's price tag up but Posh chairman Darragh MacAnthony has denied that such a high sell-on clause exists.

"Complete misinformation," he wrote on X. "That even had me double checking the contract just now and the sell-on clause. Nobody pays £10million for a [League One] signing and pays 30 per cent sell-on… nobody."

This is not the first time MacAnthony has fielded rumours of a potentially lucrative pay day coming his way should Toney move on.

Posh co-owner Stewart ‘Randy’ Thompson was quoted in the summer of 2022 referencing a 30 per cent clause, prompting MacAnthony to imply that, while a sell-on may well exist, it is not that high.

"Sell-ons for large transfers are never that much to be fair," he is quoted by the Peterborough Telegraph as saying. "We would do ok from any deal, but also have to give Newcastle a percentage of it."