It might work..but to be honest if i was Ranieri i wouldnt take the risk..especially that they are both newcomers..
I agree that a 4-3-3 or 4-5-1 is the way to go..with Nedved and Camo on the flanks..Tiago-almiron as Cm's and Zanetti behind them to give them protection
if we play 4-5-1 then who is the only forward? trez? this system worked for arsenal, but trez doesnt have the skill to move around players with ball, so he waits his moment all alone in front.
i would so much more like to see something like this in that case:
----------------gk-------------
-----cd-------cd-------cd-----
fb---------------------------fb
----------cm--cm------------
---rw-----------------lw-----
--------------st--------------
lippi used that kind of system, because there are 3 central defenders, fullbacks can have more freedom and support attack.
Personally i think chiellini would make a better central defender (still angry about balza leaving), we could use brazzo as one fullback/wingback, i dont know about the other one though, thats someone we should look for in the market.
Also dont get interrupted by the abbreviations. lw doesnt mean using natural left winger, just a forward who would playing more deep and on the left side, dp for example, and on the right camo could play.
But i think that kind of formation is more suited to european games and in serie a a 4-3-3 or 4-4-2 is enough. Besides that kind of formation would need two quality fullbacks (we dont have zambro anymore)