A decent striker is our only really must have before the transfer window closes, we have nothing beyond Torres (Ngog just doesnt look the part), but in other positions we arent as stretched. Sure quality could be better, but it is a new striker, or lack there of, that is going to dictate how this season pans out.
At left back, Kelly can more than do a job there (if Johnson is going to remain at right back). And Arelio (or however you want to spell it) is good enough when fit enough.
Shelvey is the man for the middle, give him a start in the premiership, and that will be the end of Lucas - and the end of the need to sign somebody in that position. Poulson sitting deep, with Stevie and JonJo playing just in front.
At right midfield/wing stick with Maxi - started to play well towards the end of last season and can see him being better this season. I would prefer to see Johnson filling this role, with Kelly at right-back, but can see Hodgson playing him here.
Left is Cole - better than anyone else at the club in this role - and will get down the wing and get into the box to get his share of the goals.
Jovanovic could do a job for us up front - but I see his role as more coming off the bench when we need to get a goal (so wouldnt have figured at all under Rafa! :-) )