Restructuring firm, Hilco UK, is in discussions with the administrators of Jesspos, Pricewaterhouse Coopers (PwC), about buying the brand.
PwC has already closed all of the Leicester-based chain's 187 shops with the loss of 1,370 jobs.
Reports are suggesting Hilco UK is considering opening Jessops concessions in HMV stores, which the group have bought this week.
Some 2000 jobs have been put at risk as camera chain Jessops became the first retail casualty of 2013, with store closures "inevitable".
Jessops looks set to become the first high street casualty of 2013 as the retailer is understood to be on the brink of administration.