If it was totally up to me:
DEFENCE:
I would buy a top class left back - Kolarov might cost around 10-12m. I would get a central defender on a Bosman - like Samuel or Astori who is also on a Bosman - no point spending big $$ on just a back up. Caceres to bought out for 7-8m. Sell Zieger for 2-3m. Net cost for defense = 17m
MIDFIELD:
Pogba already done on a free. Buy 50% of Verrati for 3-4m. By out Giaccherini for 3m (no brainer). Get Asamoah for 13m. Sell Pazienza and Padoin, should get 8m from those 2. Sell Melo to Gala for 10m. Get Malouda on a Bosman (his contract is up). Sell Elia and Krasic - should get 18m for both of them. Net PROCEEDS here is +16m
ATTACK:
Del Piero retires, Borriello is returned. Get Giovinco for 10m for his 50%. Get Cavani for 40m. Sell Matri for 15m and get Drogba on a Bosman. Net spend here is 35m
Total net spend is EU36m
IN: KOLAROV, ASTORI, POGBA, VERRATI, ASAMOAH, MALOUDA, GIOVINCO, CAVANI, DROGBA
OUT: PADOIN, PAZIENZA, MELO, ELIA, KRASIC, MATRI, DEL PIERO (its done), BORRIELLO
Squad:
GK: Buffon, Storari, Manninger
DEF: Lichsteiner, Caceres, Barzagli, Bonucci, Chiellini, Astori, Kolarov, De Ceglie
MID: Vidal, Pirlo, Marchisio, Giaccherini, Asamoah, Pogba, Verrati, Marrone, Pepe
FWD: Vucinic, Giovinco, Cavani, Drogba, Quagliarella
---------- Post added 10.05.2012 at 22:13 ----------
(forgot to add Malouda)