Given Lugano can be had for peanuts (3.5m max), I wouldn't rule out the possibility of Juve going for both Lugano AND Alex. Bonucci would be sold in that instance. You could even have a defensive back 4 of Lichsteiner-Lugano-Alex-Chiellini in that case assuming they can work together. Either way, having your 4 choice center backs as Alex, Lugano, Chiellini, Barzagli is a big upgrade on Bonucci, Chiellini, Barzaglie, Sorensen from last season.
Nani is a target no doubt about that and its doable but again, our bid is quite low - I read 15m pounds or around EU17m for a player worth over 20m (most likely ManU would ask for 25m).
If Juve want Vargas, Fiorentina want either Quagliarella or Bonucci and not Martinez or Amauri.
My prediction is that Lugano will arrive regardless. The left wing and additional center back signing may not occur till right at the end of August.
Alex will only come if Bonucci is sold - so far Zenit and Fiorentina are interested - would be sold to Fiorentina if they decide on Vargas over Nani. Perotti ain't going to leave his club by the sounds of it and Bastos depends on Alex because Vidal represents 1 non-EU signing and we only have 1 left. But Bastos looks unlikely.
I don't mind selling Bonucci for 10m (that's possible given that Zenit already bid 8m and the rumor is we can get Alex for around 10m) if we can get Alex for similar money and Lugano is basically free almost (3.5m max with a possibility of zero).
If Juve opt for Vargas instead of Nani - expect Juve to look at the possibility of getting Aquilani at a discounted price which is possible - perhaps for 10-12m.
My dream scenario (which is not unrealistic) is Lugano, Alex and Nani. Key player to be lost would be Bonucci. Defense works out to be and extra 5-6m at most after netting off Bonucci......Nani would cost around 20-23m being realistic. Excluding last year's budget (which included the purchases of Quags, Pepe, Motta & Matri), total gross spend would be around EU65-75m. Juve should be able to raise EU15-25m from Sissoko (already done at 7m), Melo (loan up front of 1.5m), Amauri & Iaquinta (probably 8m in total if not more), Manninger (1-2m) and Martinez (4-5m?).
Would be an excellent mercato if that is the case.
Squad:
GK
Buffon
Storari
GK3 (young guy)
Lichsteiner
Motta (or sell him and loan a back up RB)
Lugano
Alex
Barzagli
Chiellini
Ziegler
De Ceglie
Krasic
Pepe
Vidal
Pirlo
Marchisio
Pazienza
Nani
Del Piero
Vucinic
Quagliarella
Matri
Toni