I can't believe that I'm the one defending the honor of "Ricedo" but Rice as a Partey replacement, Caicedo as a Zinchenko replacement and Havertz as a Xhaka replacement wouldn't be a crazy usage of those players. It may or may not be the best way to spend all that money, though. I don't think Rice and/or Caicedo playing in attack was ever in the cards at any point. I think people just wanted that to be the case because spending a bunch of money on a Partey upgrade instead of filling the Xhaka hole seems like a waste.
So, overall, my take is that we're probably not going to get Caicedo but I don't see what this transfer would have to do with that at all.