I'd be very happy to sign Elliott in the summer. Great age, was excellent for England u21s in the summer, plenty of experience already. I think there was once some talk of us not fancying him as he hasn't got much pace, but Eze and Olise were not exactly greyhounds. More to the point, we desperately lack creativity and subtlety. I think if we had him now, we'd be a far better team.
I'm not too concerned about villa not picking him. They are on a particularly treacherous financial high wire most of the time, and had to sell to comply with FFP. It might be as simple as them having arranged the Elliott deal in the belief that they had a couple of outgoing transfers lined up, only to see them fall through.
The only stumbling block for me is whether the players heart was in it. I think that's a big concern whenever a player leaves a big club to come to us.