Crystal Palace have joined Cardiff City and Hull City in the Premier League and much has been made of the £120m windfall the three top flight new boys can expect to receive over the next five seasons for their promotion.
Conventional wisdom suggests that they will need to spend a big chunk of that on transfer fees if they are to have any chance of survival in the top flight but are there any gems on the free agent market that they can exploit?
Here is the best XI of out of contract players that we could find – ruling out players that are likely to retire (Phil Neville) or who are highly unlikely to leave their current clubs (Javier Zanetti).
Do you reckon this team could survive in the Premier League? And have we left anyone out? Leave your thoughts below.
Anyway – here's our line-up, playing in a classic 4-4-2 formation.
GK – Mark Schwarzer (Fulham)
Mark Schwarzer has been in inspired form for Fulham this season
The Australian stopper is now 40 but is keen to carry on until at least next summer's World Cup. Fulham are dragging their heels over a new contract and Schwarzer looks more than capable of continuing to do a job in the Premier League.
RB – Anthony Réveillère (Lyon)
Lyon's Anthony Reveillere
The 33-year-old has spent a decade at Lyon but rumours of a rift with coach Remi Garde could see him finally leave the club. He has played for the French national team as recently as last September and has five Ligue 1 winners medals to his name.
CB – Manuel Friedrich (Bayer Leverkusen)
We originally had Kolo Toure on this list but he has confirmed that he is to sign for Liverpool from July, so former German international Friedrich comes into the team instead. The 33-year-old is not the player he once was but can still do a solid job at the back and is also liable to nick at goal at the other end such as his stoppage time winner against Chelsea in the Champions League last season.
CB – William Gallas (Tottenham)
Despite Tottenham having strong centre-back options, the Frenchman made 24 appearances for Andre Villas-Boas' side last season. At 35-years-old, his days of playing for a team chasing a Champions League spot look over but no doubt he could still perform for a club lower down the table.
LB – Maynor Figueroa (Wigan Athletic)
Maynor Figueroa of Wigan (afp)
The Honduran international is likely to be one of the most sought-after of Wigan's relegated squad, especially as he will come on a free. Hull City and West Ham United have already been linked with the 30-year-old.
RM – Joaquin (Malaga)
Malaga's Joaquin (L) controls the ball against Borussia Dortmund's Marcel Schmelzer during their Champions League …
One of the more delightful Spanish players to watch in recent seasons, Joaquin has dazzled at Betis, Valencia and Malaga in La Liga but could finally be willing to try his luck in a new country. The 31-year-old has not played for Spain since 2007 but has 51 caps to his name and Serie A outfit Fiorentina are among those reportedly interested.
CM – Mathieu Flamini (AC Milan)
Former Arsenal man Flamini has had a stop-start career with AC Milan in Serie A but his performances at the end of the season are expected to see him offered a new contract. However, it is believed the 29-year-old only stayed at the club last season after taking a pay cut and a big wage could tempt the Frenchman back to the Premier League.
CM –Joan Verdu (Espanyol)
Joan Verdu of Espanyol
The Barcelona product finally made his name at Espanyol and has established himself as one of the most consistent players in La Liga over the past few seasons. He is understood to be keen to stay in his home city but if Espanyol don't come up with a good deal, the likes of Sevilla and Atletico Madrid are said to be interested while Premier League clubs looking for a Michu-esque like capture could do worse than looking at the adventurous 30-year-old who netted nine times in La Liga last season.
LM – Andrey Arshavin (Arsenal)
Arsenal's Andrey Arshavin stands dejected (PA)
Obviously a huge gamble for any side – even as a free transfer – Arshavin does have massive upside and at 31-years-old still has time to resurrect his career. Just five years ago this was a player who finished sixth in the Ballon d'Or voting and the dazzling opening to his career in the Premier League shows he is capable of playing in England when on form.
CF – Fabrizio Miccoli (Palermo)
Fabrizio Miccoli palermo
One of the most creative players in Italy, the Palermo star is the type of player who is likely to give you as many assists as goals. At the age of 33 he finally started to show some signs of decline this season. However, his situation off the field did not help, as he became embroiled in a Mafia investigation for buying telephone SIM cards for Mauro Lauricella, who is the son of alleged Mafia boss Antonino Lauricella. With Palermo relegated he is almost certainly going to leave the club. A lucrative move to Dubai has been rumoured but the veteran might fancy a crack in a more competitive league.
CF – Javier Saviola (Malaga)
SPAIN, Málaga : Malaga's Argentinian forward Javier Saviola celebrates after scoring during the Spanish league …
Another player who seems to have been playing top flight football in Europe forever, but who is still only 31. The Argentine has played for huge clubs like Barcelona, Real Madrid and Benfica and this season helped Malaga to the quarter-finals of the Champions League. There has been talk of a move to the Seattle Sounders but Premier League clubs would surely fancy being able to compete with financially with the MLS side.
Subs: Mickaël Landreau (Bastia), Juan Forlin (Espanyol), Richard Dunne (Aston Villa), Florent Malouda (Chelsea), Thiago (Athletico Madrid), Chris Brunt (West Brom), Mike Hanke (Borussia Mönchengladbach), Camel Meriem (Nice)