Supermarket retailer Asda is in talks surrounding the possible takeover of high-street entertainment retailer HMV.

The talks between administrators Deloitte and Asda are expected to revolve around the preservation of the entertainment chain, rather than site conversions into supermarkets, according to a story appearing in the Telegraph.

HMV holds debts of £170 million from years of profit fall, with 1,500 jobs currently remaining in the balance.

The talks come as 100 stores are set for closure over the next few weeks, supermarket chains have already moved to capitalise on HMV’s estate, with Morrisons buying six sites which it has turned into local Morrisons stores.

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