Boohoo is in exclusive talks to buy some of the remnants of Sir Philip Green's high street empire.
The online fashion brand is negotiating with administrators of Arcadia over the future of the Dorothy Perkins, Wallis and Burton brands.
A deal could see Boohoo buy the three, excluding the HIIT brand sold at Burton, although the board stressed that so far these are only discussions and that no deal is guaranteed.
The acknowledgement came after Sky News recently revealed that talks were ongoing between the company and Arcadia administrators.
In a short statement to investors in London on Friday morning, Boohoo said: "Boohoo Group plc, a leading online fashion group, notes recent media commentary.
"The group confirms that it is in exclusive discussions with the administrators of Arcadia over the acquisition of the Dorothy Perkins, Wallis and Burton (excluding HIIT) brands.
"These discussions may or may not result in agreement of a transaction. A further announcement will be made when appropriate."
Last week, Boohoo agreed a £55 million deal to buy the brand and website of Debenhams, but will not take over the company's high street shops, which look set to close.
On Monday, Asos, another online fashion retailer, confirmed it will buy Topshop, Topman, Miss Selfridge and HIIT brands for £295million, but will close 70 shops.
According to Sky News, bosses at Boohoo have indicated they may pay a little over £25 million for the Dorothy Perkins, Wallis and Burton brands.
Arcadia employed around 13,000 people and ran 444 stores across the UK before it entered administration at the beginning of December.
