'Quiet on the transfer front' was the first line of this conversation... followed by this:
OUTGOINGS
Zokora to Sevilla only solid deal ATM but NOT complete, just very hopeful
We'd sell Pav ahead of Bent - neither are definitely off, though (no solid interest at our prices)
No-one in for Bentley - could stay
Would sell Taarabt tomorrow if we could, but only Malaga have come in and they are skint
Bale wont be sold - loan possible
Harry doesn't like Gio - simple as
Gunter is for sale, don't reckon he'll make it for us, but Forest are skint so loan more likely
Trying to shift boateng & gilberto but no offers
Trying to shift O'Hara while his stock is high, fulham not interested ATM but Birmingham are
INCOMINGS
Vucinic (Roma) is high on the list but they want silly money - part exchange with Pav is possible
Chamakh (Bordeaux) is an option but not priority
Llorente (Bilbao) is an option but we believe he will be too expensive
Crouch (Portsmouth, dontcha know) is a last resort
Pennant is true - but way down the list
Joe Cole is signing a new contract at Chelsea

Harry wants Bellamy but Levy won't do it

None of Madrid lot are interested, tried very hard with Robben & Huntelaar but no luck
Ashley Young very unlikely, Villa won't sell
And finally, Townsend & Rose are very highly rated, may well be with the first team next season if an ideal loan offer does not arrive.
not sure if these are opinions or a conversation hes had with someone. seems a lot of info to me told though so make of it what you will, just passing on.