We do seem to be building a team. There is still work to be done, particularly a keeper and a striker, but our best 11 is coming together. Assuming Can eventually moves to DM in a 4-2-3-1 set up he would play along side Henderson with Allan and Lucas as backup. Then we have 3 from Coutinho, Sterling, Ibe, Lallana and Markovic, with Sturridge up top backed up by whoever stays in the summer. Moreno, Skrtel and Sakho would be 3 of a back 4. RB should be Flanno, but that depends on how he comes back after his injury. The building blocks are in place. With players like Aspas, Alberto, Borini and Mario likely to be sold, and Gerrard, Toure and Johnson probably off the payroll FSG will not have to dig too deep into their pockets to fill in the current gaps.
As for this season, unfortunately it will be difficult to make the top 4 mainly because we are chasing too many teams. Europa league might be our best chance of making CL.