I wouldn't be inclined to dismiss the Pennant, Bent and Bellamy rumours so readily. Often in the past Rafa and the club have denied reported interest in a player vehemently, only for the rumours subsequently to be proven to be accurately indicating fire (for sabre's benefit and since it seems to national proverb day, we have a saying "there's no smoke without fire").
Clearly we'd like Simao (or at least Rafa clearly would) but once Chelsea declare an interest he's gone, and likewise Wright-Phillips will probably prove beyond our means despite the Alan Hansen/Ian Wright laugh-in of the other day. Pennant then becomes a serious possibility and while Bellamy in particular and Bent to a slightly lesser extent may not be to everybody's taste, they are proven performers in our league albeit over a relatively short space of time in the case of the Charlton man.
The key's in the fee of course. Rumour has it that Bellamy has a buy-out clause for a Champions League club of 6 million quid and at that I'd bite their hands off at the elbow TBH. I think he'd be a fantastic player for us, providing just the right amount of devil and nastiness allied to his undoubted pace and fledgeling goalscoring ability. He'd need managing but that's what the gaffer is for.
Bent is much less proven and clearly worth nowhere near the 12 million Charlton are bandying about. Clubs do this however with prospective transfer fees, particularly smaller clubs when they are faced with a predatory move by a big team. My suspicion is that with a little foot-stamping from Bent, he could probably be prised away for around two thirds of that figure, maybe less than half that amount if we were to throw in, say Steven Warnock as a makewieght (it's hard to imagine him playing too much if this Aurelio is as good as we are led to believe). Warnock could also figure in a move for Defoe given Spurs obvious weaknesses at left-back and their liking for young English players so some may consider him a better bet than the Charlton man if we are buying local so to speak.
My own feeling is that I'd be very happy to see us buying British players. We are at the crossroads here and the next steps must be taken with extreme caution. Now is not in my opinion the time to go splashing money on gambles from abroad who come over, Morientes style and never look like settling in the Premiership. There is a case of course for doing less rather than more. My feeling is that if we started next season with the same team with which we played the latter half of last season we would go wvery close to winning the Premiership. That is to say the usual back four, Gerrard on the right with Sissokom and Alonso centrally, Kewell left and Crouch with Fowler uptop. It's crucial that what we bring in has the potential to improve the team in the immediate term. What we don't want is a bloke to replace Crouch or Fowler who takes 18 months to settle as that could see us slip backwards again.