Hernandez' situation will be interesting. I'd be happy to accept whatever we can get for him; clinging onto the hope of recouping most of our money on such a disaster of a transfer would be daft. If he's still on our books then he's taking up a space in wages and squad size which will stop us getting another striker in and we'll be forced to use him. So shifting him would be my priority. As you say though, there may be plenty of Italian sides who just need an absolute jessy to play up front for them and are willing to pay.
I would happily take anything to as I don't think he will fancy playing in the Championship which makes such a difference, as if I cared he might be a half decent option in the Championship but if he doesn't care we are best cutting our losses and replacing him with a loanee who is going to actually try.