Apart from disagree with your sentiment, let's get some reality here.
The only players City can only be in position to announce are freebies on pre-contract agreements because they are set in stone, most clubs are now shut up shop until July with players and agents on holiday, so you can rule out signing any players from clubs because deals could fall through or not be completed.
Pearson is probably on his hols for all we know.
Secondarily, look at all the signings announced elsewhere in the division. They are either freebies, players who have already been on loan at the club before signing or players from teams in admin. No other team is securing deals for players from other clubs. :icon_roll
Finally, the players Reading have released aren't quality. Lita is a mardy git ala Campbell, the Yank in goal has been poor for the past two season and Duberry's yesterday man. If we really wanna give it a go, why sign these past failures in the division. At Premiership level, these three were not Reading's top players.