Three firms are being lined up to occupy a former BHS story in Coventry, BBC Coventry and Warwickshire has learned.
The site on the corner of Market Way has been empty for three years since the department store was wound up.
But planning documents uncovered by the BBC indicate clothing store Matalan and discount firm B&M are being lined up to fill the large unit.
Matalan has not responded to the news, while B&M wouldn't confirm if it would be opening in the old BHS.
But the Coventry Building Society has said it is keen on creating a new flagship branch at the site, with it likely to happen by the end of 2020 if the parties reach an agreement.