Bloody 'ell, lads.
You get a few rumours flying about with varying amounts of substance to them, then suddenly all the worst case scenarios are talked about as though they're done deals, the club is run by morons and we're all doomed.
You guys must be hell to live with.

It might not happen- and even if it does it might not be so bad. No matter how good a player is and how attached you become to him there's always another in the pipeline. A well balanced team is more important than individuals anyway.
Don't panic- sit back and enjoy the sunsh.....er, rain for a few weeks. Whatever's going to happen, it'll all come soon enough.