For me it seems to be, that if we loan Mutu it also means we loan Micco out.
But knowing Moggi, loaning Mutu also can be the only public part of a long term project.
As Trez stayed we cannot guarantee a starting place for Gila this season, so we want him to stay in Parma, and sign him next year, when we will have to do some serious rebuilding at the front (for me its almost sure that DP & Neddy will need to be replaced after next season). Depending on how Mutu delivers, he either can stay with us, or can be sent back, or used as a bait (specially appealing for Parma) for Gila.
Or Im absolutely wrong, we sign Mutu, dont let Micco go and finally we will have some funny angry benchwarmers. Or dont sign Mutu and praying for the miracle: a season without injury for Trez and DP (a solo goal finished with a delicate chip from Montero is more likeable).