There isn't really any precedent that Papa Smurf will give Larry much to work with transfer wise despite the apparently healthy financial position, and activity to date, including those that have opted to go/stay elsewhere doesn't contradict that.
However, my optimism is that as Schmeicel and Paynter were signings with very little warning beforehand perhaps we'l be surprised by a Nugent or Smith and some of the dross we've been linked with - such as Connolly - will prove to be smokescreens.
Regarding Connolly specifically, I knew he was a back up player at mid table Derby, which didn't excite me, so i had a look at a link from Waccoe to what a Derby board had to say about his departure. There wasn't a single positive comment about him: he's seemingly 3rd choice right back and considered a complete liability.