It doesn't sound that bad to me... Prudent anyway.
So our defence will look like
Buffon
Zebina Mellberg/Legro Chiellini Leftback
They either except Mellberg to be very good or they want to keep the chemistry Chiellini and Legro have developed in tact. I still reckon we can forget about Andrade ever returning(he wont be a serious part of the team anyway).
Bringing in only two players, to me means that they'll fill the squad with our youngsters. So Giovinco, Marchisio and De Ceglie probably will return. The leftback position will be between De Ceglie and Molinaro, I doubt if we're buying two players, one of those will be a leftback. It might though.
Still 4-4-2, we'll still rely on Nedved on the left with Giovinco getting the oppertunity to slowly take over. I reckon it will be rather sooner than later, due to Giovinco's ability, with Nedved mainly playing the CL. Camo on the right obviously. Sissoko has cemented his place, with the other spot probably between Zanetti and between the player, whom I expect the new signing will be. With Marchisio as backup.
Upfront, I reckon the Amauri signing will come to fruition, I think we'll get him. One could argue overkill, but Amauri-Trez-Iaquinta-DP, does look very mighty. Gives us tactical options, if Nedved fades and Giovinco needs more time to step up.
Secco and Ranieri's 08/09 team:
Buffon
Zebina Mellberg/Legrottaglie Chiellini Molinaro/De Ceglie
Camoranesi Sissoko Zanetti/????? Nedved/Giovinco
Trezeguet/Iaquinta Amauri/Del Piero