I think that we have to be realistic about next season - there is an opportunity but we are in a covid world and finances are not what they might be. After all, the Chairman has already done a great deal and we are lumbered with some players on contract that we may not be able to get rid of.
Ideally, the squad should look like, assuming 3/5/2 formation:
GK - Bart plus one (try to move Fielding on if possible)
RWB - Danny plus one (sell Romeo to bring in some cash), recall Brown form St J as reserve.
LWB - sign Malone if at all possible plus one (preferably younger), release Fergie.
CB - Coops, Hutch, Wallace, plus two (one could be Muller)
CM - Mitchell, Leonard, Evans, Dutch Mike plus one attacking player (not a winger), sell Thommo and Mahoney, loan out Burey).
CF - Jed, Mason plus one, with Alexander as a reserve.
So (GK x 2, RWB x 2, LWB x 2, CB x 5, CM x 5, CF x 4 plus 2-3 squad players)
So, sell Romeo, Thommo and Mahoney, release Fergie and Pearce and try to move on Bradshaw and Bod (hopefully). Do not sign Zohore or Woods (both too expensive). If we are going to try to play passing football with smaller forwards they need to be better quality, but that brings us to the problem - we cannot afford to pay the wages of other Championship teams and can only afford Prem youngsters, out of favour champ players, occasional div1/2 players and some foreigners.
A wing back could be a youngster (Prem youngster perhaps), a CB needs to be more established (D1 or Scotland), CM attacking and CF is where most of our money needs to go (abroad or Prem youngsters).
All of the above will cost money, hence the need to sell one or two - a CM may cost £3m, a CF may cost £4-£5m so say £10-£12m in total, offset by say £5 if the players that anyone else may purchase.
This is asking a lot from the Chairman!