Sargent, 26, has been looking to leave Norwich for some time and it looks like he will get his wish with a move to FC Toronto.
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The Athletic have now revealed that FC Toronto have agreed a $22 million (£17m) fee with the struggling Championship side.
The striker has been a rare bright spark for Norwich this season, scoring seven goals and providing three assists in the Championship.
He has been training with the U-21s and has not appeared for the senior side since Jan. 1.