Looking at our position every season we were in the premier league, either at Christmas or the end of the season, yes. It would be a sensible contingency, so that we would not be trying to cobble together a list of targets at the last minute in the event of relegation. We obviously wouldn't get everyone on the list, particularly as other clubs certain of their league next year earlier than us, probably have been working on deals already, but it would be a good starting point.
For clarity, the club may have done this and if so, fair play.