Updated Best Players 9 March 2012, Updated for Patch 12.2, Best Free Players in Football Manager 2012,I'm starting this account to cover the a lot of notable chargeless players if starting on Football Manager 2012 as they are spotted by arena FM12.
Let's get to the list, sorted by position and recommendation (meaning that the players at the top of each list are recommended more than the ones at the bottom).
Goalkeepers:
Rost, Frank (38)
Elduayen, Federico (34)
Vinicius (27)
Costanzo, Franco (30)
Bosco (36)
Ivankov, Dimitar (35)
Marcos (35)
Lejsal, Martin (28)
Guevara, Enrique (29)
Marcos Leandro (29)
Pouplin, Simon (26)
Hernandez, Joaquin (28)
Michel Alves (30)
Nordfeldt, Kristoffer (22)
Joao Carlos (22)
Bohm, Robert (23)
Zuba, Andre (25)
Fontes, Yai (23)
Vera, German (21)
Briant, Vincent (25)
Defenders Center:
Friedrich, Arne (32)
Asatiani, Malkhaz (29)
Maertens, Birger (31)
Fuentes, Luis (39)
El Karkouri, Talal (34)
Meira, Fernando (33)
Campbell, Sol (36)
Fabricio (30)
Ferrari, Matteo (31)
Fuentes, Fabricio (34)
Ronaldo Angelim (35)
Gnanou, Ibrahim (24)
Djorjevic, Nenad (31)
Espinola, Carlos (35)
Rafael Santos (26)
Loran, Tyrone (30)
Baez, Carlos (29)
Traore, Lamine (28)
Cabrera, Nelson (28)
Luizao (24)
Kalabane, Oumar (30)
Douglas (26)
Alison (27)
Evaldo (28)
Vitor (26)
Enakarhire, Joseph (28)
Liptak, Zoltan (26)
Kavdanski, Martin (24)
Dervite, Dorian (22)
Langkamp, Matthias (27)
Moneke, Obi (27)
Fernando (25)
Bayema, Clement (22)
Wagner (21)
Ze Adriano (25)
Rakhmanov, Artem (20)
Ramon (20)
Defenders / Full-Backs Left:
Cortes, Roberto Carlos (34)
Jorge Ribeiro (29)
Fernandinho (30)
Leandro (32)
Vignal, Gregory (29)
Perez, Rodrigo (37)
Ramos, Marco (28)
Fedoriv, Vitaliy (23)
Sbai, Salaheddine (25)
Fartushnyak, Andriy (22)
Villalobos, Jairo (23)
Tidao (24)
Jorbison (19)
Defenders / Full-Backs Right:
Rodriguez, Martin (26)
Patrick (27)
Parnaby, Stuart (28)
Carlos Diogo (27)
Odiah, Chidi (27)
Pena, Agustin (22)
Rodrigo (25)
Gonzalez, Marcelo (22)
Defensive Midfielders:
Carboni, Ezequiel (32)
Mahamadou Diarra (30)
Gabri (32)
Ndjitap, Geremi (32)
Ricardo Conceicao (26)
Fernando (25)
Elton (27)
Saidou, Alioum (33)
Sergio (34)
Keita, Sidi (26)
Banguero, Jorge (36)
Leandro (26)
Ostolaza, Santiago (23)
Rafael (27)
Paniagua, Miguel (24)
Cesar Santiago (26)
Frezzotti, Alejandro (27)
Baning, Albert (26)
Alceu (27)
Kabous, Abderrahman (28)
Dyulgerov, Nikolay (23)
Ramirez (23)
Douglas Peruibe (25)
Djiba, Dino (25)
Stelvio (22)
Caue (25)
Attacking Midfielders:
Ze Roberto (36)
Guti (34)
Jonatas (28)
Gilberto (35)
Ergic, Ivan (30)
Pires, Robert (37)
Renato (26)
Rafael Ledesma (28)
Cristian (27)
Deyvid Sacconi (24)
Bruno Paulo (21)
Rodrigo Paulista (26)
Giovani Fortunatti (27)
William Amendoim (24)
Junior Timbo (24)
Gonzalez, Renato (24)
Julio Cesar (22)
Medina, Nicolas (29)
Wingers Left:
Pinga (30)
Zezinho (19)
Lopez, Claudio (36)
Maykon (27)
Rivic, Stiven (25)
Vaagan Moen, Petter (27)
Rekish, Dzmitry (22)
Gangioveanu, Constantin (21)
Tulasne, Geoffrey (23)
Bochet, Lilian (20)
Wingers Right:
Malbranque, Steed (31)
Nadal, Xisco (25)
Feidouno, Pascal (30)
Hersi, Youssouf (28)
Kante, Seydou (29)
Strikers:
Pacey
Diane, Amara (28)
Gil (30)
Leandro (26)
Soukouna, Ahmed (21)
Bosnjak, Ivan (31)
Medina, Wilder (30)
Diego Clementino (27)
De Paula (27)
Iddrisu, Abdul Nafiu (25)
Robson (28)
Lucas Gaucho (20)
Allende, Orlando (23)
Leo Papel (24)
Ricardinho (27)
Fagundes dos Santos, Elison (23)
Wellington (19)
Mangolo, Aime (26)
Anjembe, Timothy (23)
Asamoah, Alex (24)
Mauricio Alves (21)
Toshev, Martin (21)
Target
Crespo, Hernan (35)
Corradi, Bernando (35)
Agali, Victor (32)
Olguin, Luciano (29)
Opara, Emeka (26)
Goore, Zeka (27)
Luis (24)
Arthuro (28)
Sigurdsson, Hannes (28)
Kim Seong-Min (24)
Coulibaly, Abou (23)