Thomas Frank's first-team squad will be without a prominent force in Toney this season as he forced his way out the club in search of trophies.
However, even though the club will miss the forward who scored 72 goals in 141 appearances, Giles has spoken about how the club are happy with the deal.
“Thomas has said everything there is to say about Ivan in terms of his performances,” said Giles.
“Everyone expected that there would be interest in Ivan. There could have potentially been more interest in him, as it happened. There was strong interest from Al-Ahli and clearly a desire from us to get a deal done.
“They wanted to buy him, and we were open to selling him, so the process came down to agreeing a valuation, which took time.
“It went late into the window. It’s always a bit tricky when the season starts, but I think Thomas managed it well.
“We were really happy to get that done. Ivan’s done a great job for us, and he moves on to the next phase of his career. It was a good end to the window, from my point of view.”