There isnt a set budget but there is a rough estimate of appetite. The journalists saying there's no set budget also caveat that sales and availability of certain targets make it tricky to gauge.
120m if im not mistaken is reported by Ducker and Whitwell. The figure is immaterial but the point that they have a better awareness on club appetite than we do still stands.
So yeah it goes back to my point, the gap is likely the difference between certain targets. Maybe a full back, maybe the diff between 1st and 2nd choice Winger. Who knows, but I dont want us to throw what Barcelona want yet.