I'm going on a rough budget of £250m (£100m starting budget plus £150m recouped in sales). My logic in this is to put positional needs into percentages by how needed they are and then assign the budget or profile of player accordingly. For instance, for the positions most desperately needed, I'd be inclined to spend big and get the players who are more of a sure thing. For backups, I'd go for a cheaper 'hidden gem' type of player.
I'd be ruthless if we can. I'd probably even get rid of the likes of Sancho, Pellistri and Mejbri while they still have some value.
Needs -
1) 1st choice ST (40% = 100m = Harry Kane)
2) 1st choice GK (20% = 50m plus *10m of the 40m saved from Rabiot = 60m = Diogo Costa)
3) 1st choice CM (16% = 40m = Adrien Rabiot who is free so the 40m can go elsewhere***)
4) 2nd choice ST (10% = 25m = Gift Orban)
5) 2nd choice DM (5% = 12.5m plus *17.5m of the 40m saved from Rabiot = 30m = Arthur Vermeeren)
6) 2nd choice left footed CD (4% = 10m = Valentin Gomez)
7) 2nd choice CM/AM (4% = 10m plus *12.5m saved from Rabiot = 22.5m = Martin Baturina)
8) 2nd/3rd choice GK (1% = 2.5m = Leopold Wahlstedt)
Kane alternatives: None, get him
Costa alternatives: Andre Onana, Gregor Kobel, David Raya, Mike Maignan
Rabiot alternatives: None, frees up funds
Orban alternatives: Mehdi Taremi, Marcos Leonardo, Brian Brobbey, Niclas Fullkrug, Victor Boniface, El Bilal Toure
Vermeeren alternatives: Andre, Alan Varela, Lesley Ugochukwu, Habib Diarra, Skelly Alvero
Gomez alternatives: Robert Renan, Maxime Esteve, Lucas Beraldo, Alan Matturro
Baturina alternatives: Alex Scott, Arda Guler, Yunus Musah, Maurits Kjaergaard, Thiago Almada, Luka Sukic, Enzo le Fee, Desire Doue, Oscar Gloukh, Matheus Franca
Wahlstedt alternatives: Etienne Green, Mads Hermansen, Keylor Navas, Timo Horn, Arnau Tenas