Everton have made a £7m bid for Leeds striker Alan Smith.
No, really.
Maybe Bill Kenwright had a quick search down the back of the sofa, or someone important won the pools, but we appear to have some (theoretical) money.
Of course these things are more complicated than Everton simply have £7m in the bank, fees are now payable over the length of a player's contract, meaning that in theory the many ten of thousands of ppounds that Everton will save in wages after this closed-season cull of our over paid players could work towards bringing some serious talent in.
Liverpool are also in the running for around £7m, but they won't commit to anything until theyr get a new manager, and you can expect Manchester United to come in with an increase on their current offer of £5m.