I think this may be happening. This rumor has been around for a long while and it makes sense. If Spurs bring in Bellamy, Richards, and Young - we will have 2 solid players at every position. Keane will go to Villa plus cash and Jenas will be sold eventually. Those moves would cost the club around 20M, leaving about another 20M to attract a big name veteran with CL experience (Raul ?) IF we qualify for the group stages. At that point we may see Gudjohnsen back as well for added squad depth.
25 man squad:
G - Gomes, Cudicini, Pletikosa
RB - Corluka, Kaboul
CB - King, Dawson, Richards, Bassong
LB - Bale, Assou-Ekotto
RW - Lennon, Bentley
CDM - Huddlestone, Palacios
CAM - Modric, Raul, Sandro
LW - Young, Kranjcar
ST - Defoe, Crouch, Pavlyuchenko, Bellamy, Gudjohnsen