Well, I'll go by positions.
Forward
It's not really necessary but if Fernando and Robbie gets injured, we'd have a problem. Although N'gog, Nemeth and Pacheco have potential, i think we'd be burdening them expecting them to fill Fernando's and Robbie's boots.
1- Michael Owen is too much of a risk for me and he's approaching 30. He'll score but if we can get him for 5 million, then it's okay.
2- The 2 candidates i prefer would be
a) Jermaine Defoe - he's quick and scores goals. Plus, he's english and would be a good addition. However, having 3 really good strikers would be a problem as 1/2 of them would mind sitting out. Jermaine Defoe needs to start games.
b) Roque Santa Cruz - he is decent and i am guessing he'd rather sit out than Jermaine Defoe.
MidfieldI don't really see much trouble here. Xabi has vision and sublime passing skills and he is pretty cool connecting defence and attack. Javier has good tackling skills and is tough and occasionally makes long passes. Stevie - needless to say. Dirk is hard worker and all, i really like him. Our left is pretty good too.
What we need though, is a right winger who can cover for Dirk that has pace and good crosses. Pennant has those but i think he isn't up for it but i may be wrong.
For wings, Ashley Young is great but chances of him coming over are less as you know, we have a history with Aston Villa
Antonio Valencia is awesome too and i think United are eyeing him as well.
Defence4 really good centre backs - not a problem. Our right back is great but he needs a cover. Our left back, Aurelio is decent and I am yet to see Dossena and Degen perform. Dossena's best game was probably the away game against Atletico Madrid.
I doubt we can get Clichy,Evra or Bosingwa
1 - Gareth Bale - some reason, i rate this guy. Looks to have pace and is still only 19 and can learn alot more. And if Riera is out, we can put him left midfield and Aurelio at left back.
My country doesn't have championship matches so i don't know those decent players. I don't follow other leagues but if i had to choose a team from Spain, it'd be Barcelona. Italy - AC Milan? < that's because of Kaka