I'm using a format of name - age - club - position. Please note that all currency amounts I list are GBP (FM 2007 didn't have CDN. And more people know what a GBP is worth anyway

)
Per Ciljan Skjelbred - 19 - Rosenborg - AMLRC. Costs less than 2 Million. Works his ass off and puts a good share of balls in the net for you. He's (nearly) another Solskjaer.

Plus he's desperate to get into the bigtime and is only too happy to sign.
Michael Tonge - 23 - Sheff Utd - MLC. Costs around 5 Mill give or take. Sets up goals, scores goals and works hard. And yes, I couldn't resist and gave him #69 on my MUFC team. "Every team needs some Tonge..." Okay I'll stop now.
Hatem Ben Arfa - 19 - Lyon - MLC. Costs a lot (15 Mill but I've seen him go for 20+) but is pure quality. And given his age his stats have nowhere to go but up.
Morten Pedersen - 20 - Meldal - DC/DM. A freebie!

Loan him to your feeder club (or give him some action as a sub) and he improves quite a bit.
Yury Zhirkov - 22 - CSKA Moscow - AML. Costs around 6M. He needs a bit of training up to be premiership quality but he turns into a rock solid midfielder you can count on to get your strikers the ball (and score goals by himself).