Brentford technical director Lee Dykes has confirmed Ivan Toney will be allowed to leave this summer if the club's terms are met.
Toney was linked with a move away in the January window despite only returning from an eight-month ban for breaching the Football Association's betting regulations.
While Arsenal and Chelsea were among those who were credited with an interest, a move failed to transpire before the transfer deadline passed.
Despite remaining with the Bees, Toney's future continues to draw much speculation, with his deal set to expire in June 2025.
As a result of Toney's contract situation, the upcoming summer transfer window could present Brentford with one final chance to obtain a significant fee for one of their prized assets.
Dykes makes Toney transfer admission
A recent report claimed that Manchester United are prepared to rival Arsenal and Chelsea for Toney's signature ahead of the 2024-25 season.
With Toney attracting plenty of interest, Dykes has conceded that the 28-year-old could leave this summer, but only if "Brentford's terms" are met.
"Well, we've got to be honest and open with ourselves, like we were last summer with David Raya," Dykes told The United Stand. "We signed players, and we're honest with them, and they're honest with us that maybe the time may come for them to go on to bigger and better levels than ourselves.
"Ivan is in a similar situation to what David was in. He's got aspirations to play at a higher level, which is fine, but it's got to be on Brentford's terms, obviously.
"And we've got to do it as a recruitment department, and it's particularly my role. I've just got to be ready to know that there may be a situation where we're looking to bring somebody in if Ivan leaves the club, but there's also a situation where Ivan stays at the club, and that's what we all want.
"We want Ivan to stay at the club and play Premier League football for Brentford for years to come. But what a fantastic story.
"You know, we signed him from the third tier of English football, and he's now in the England team, and hopefully, he gets a few appearances over the next couple of months and helps us as a nation to get that elusive trophy."
Dykes was speaking ahead of Brentford's dramatic 1-1 draw with Man United in Saturday's Premier League meeting at the Gtech Community Stadium.
Kristoffer Ajer netted a 99th-minute equaliser to salvage a point after Mason Mount thought that he won the game with his own stoppage-time effort.
Although Toney provided the assist for Ajer's leveller, he was unable to end his barren spell for the Bees, leaving him without a goal in six Premier League matches.