Transfer journalist Ben Jacobs is reporting Toney's camp have negotiated his personal terms successfully with the Saudi Pro League giants.
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The Brentford striker has agreed a package of €60m over a three-year period.
According to Jacobs, the two clubs now need to reach an agreement over a fee.
Al Ahli will seek to strike terms for £20-30m, knowing both Toney and Brentford have agreed he can leave before Friday's transfer deadline.