Not necessarily. It does mean we will not get some overpaid targets, but it doesN't mean reasonably summed players would be mediocre. Likely case in point, Bernado Silva. Neither mediocre nor overpaid.Fair point but I think we will always overpay for a few targets. On top of that, if Van Dijk ends up at Liverpool then it shows that other clubs will overpay for the top talent. As admirable a stance as it is (although a bit late in the day to start), if everyone else overpays for the top talent then we're left paying reasonable sums for mediocre talent.
And if we need a role model, we need not look farther than the Champions League finalist 2 of the last 4 years, Juventuss. They acquire very good talent on the cheap. All the time. Its embarrassing watching how they make the rest of Europe's top clubs look like mugs :(