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It's fairly obvious but this may not have occured to some.
It probably only works with clubs with a reasonable reputation, I was West Ham, what you do is look for good young players with 12 months left on their contracts. I got Balotelli, Okaka, Piatti, Biabiani and Aaron(Niguez). All on end of season loans with no wage contribution. Played them all as regularly as I dared and was very nice to them, constantly praising them in an attempt to get on their favoured personnel list. I then offered them contracts on Dec 31st, when their contract protection ran out, signed 'em all up for no compensation (this only works when signing under 23's from abroad, in same nation compensation must be paid but can still be worth it). TIP: when offering contracts to freebie players offer them a wage that will not be above your limit for hot prospect squad status but make them Key Players with massive bonuses.They bite your hand off to sign up. When they join on July 1st/2nd immediatly offer them new deal, they ask for same money so you can make them hot prospects and adjust bonuses and contract lengths accordingly. Hey Presto! World class potential stars for free and on reasonable contracts.
Hope this helps those struggling to get top youth players to lesser clubs.
Poaching young stars on free transfers 
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