Celtic are closing in on a deal to bring Gavin Strachan to the club, according to the Scotsman.

It's expected that the Peterborough United coach will become part of Neil Lennon's first team coaching team at Parkhead.

While this is obviously big news in itself, it could certainly indicate a potential big-money boost in the transfer market.

It's no secret that the Bhoys are keen on a move for Ivan Toney this summer.

The Peterborough United striker bagged 26 goals this season and unsurprisingly, is now attracting the attention of some quite reputable teams.

The Scottish Sun have reported that Celtic and Rangers are among those who are interested, while a number of other clubs in the Championship are also said to be keen on the £15million-rated frontman.

With Strachan set to move to the club this week, it could be a deciding factor in the former Newcastle United man choosing to head to the Scottish champions over a number of other suitors.

GIVEMESPORT'S Phil Spencer says...

Gavin Strachan is certainly a strong addition to Neil Lennon's set-up, but it could just be the first move in an exciting summer.

Ivan Toney has been wonderful for Peterborough United, but there's no doubt that he's capable of playing at a higher level.

Having dominated League One this term, the former Newcastle United man is appears to be more than ready to step up.

Whether he's ready for a move to the Premier League is up for debate, but Toney could certainly do a job for a promotion-chasing Championship club, or a top of the table Scottish side like Celtic or Rangers.

The only stumbling block is that £15million price tag which may well prove to be troublesome.