I'm pretty skeptical at this point.
From the outside looking in it looks like a high budget QPR or Nottingham Forest from last season. We'll see what happens over the month with transfers and how the younger midfielders start the season proper. I think expecting nkunku or the even younger, less established forwards to settle, score and play well every week with a patchwork, dysfunctional midfield behind is a bit of pipe dream. Same with the defence and Kepa. They could all do well and perform individually but if they get no support they'll concede and look amateurish. I think they need to bite the bullet and pay up for Caicedo. Theres other options at that price range that might be better but they need someone.
The fitness of James and Chilwell could be really important.
Putting together the spine of a team and a gameplan and competing for a champions league spot would be a good season. It has definite potential to be another disaster but i think Poch is a good choice and they should avoid it.