Chelsea
Signings: Ashley Young for $30mil. Then a striker, one of four guys -- Eto'o, Villa, Ibrahimovic, or Benzema. And one final creative penetrator in the final third, someone who is comfortable going out on the wing. Arshavin would have been brilliant, bloody Arsenal! Not sure who that final player should be.
Overall, I'd like to see three major attacking threats signed, two wings and a striker. The striker isn't necessary, but the other two players are.
Departures: Deco, Shevchenko, Pizarro, Kalou -- possibly Malouda and Anelka too, I don't trust either player and would rather someone comes in and takes over their positions.
Something along those lines is what I'd like to see Chelsea do.