Eataly, the Italian food emporia and restaurant group, has lined up its UK debut site in Bishopsgate, the Evening Standard reports.
A 40,000 sq ft branch of the Eataly food hall concept - with restaurants, shops and cafes - is planned for a site near Liverpool Street station next year, property sources told the Standard.
The Oscar Farinetti founded concept has 35 sites across the world and has long had ambitions to open in London.
It is now thought to be on the brink of signing a lease with British Land, which is redeveloping the building at 135 Bishopsgate previously occupied by Royal Bank of Scotland.
Eataly would take most of the ground floor with a terraced frontage on to Bishopsgate.
The concept typically combines a large retail store, restaurants, smaller speciality stalls and a free cookery school.
The founders are understood to be impressed by the City’s evolution from a predominantly 9-5 office district, to a 24-hour leisure destination.