You can put the CD into the CD-putter and import the music to your iTunes,then you can use a tool to transfer the music from iTunes library to iPhone, free download here:http://goo.gl/lszOY. I had try it before, hope it helpfull for you!
Yes, you can copy a CD onto your iTunes and then transfer it to iPhone. What you need to do is log onto iTunes then put the CD into the CD-putter. A window will pop up prompting you to import these songs in your CD and say "Yes" or "OK". Once the songs are imported to your onto your iTunes library you can plug in your iPhone to update them. I hope I helped. For any additional information, check out the link http://www.ehow.com/how_2014958_add-cd-itunes.html.