The team behind the Bocca Di Lupo, the Soho-based Italian restaurant, is understood to be in talks to take the former Pizza Hut site in Cambridge Circus.

Jacob Kenedy and Victor Hugo, which launched Bocca Di Lupo in Archer Street in 2008, are understood to have set up a new company Vico Restaurants to oversee the possible new venture that would be situated directly opposite the Palace Theatre.

The c4,600sq ft site, which includes ground floor and basement, is being marketed by Davis Coffer Lyons and Jones Lang LaSalle on behalf of Shaftesbury PLC.

McDonald’s recently secured the nearby Leon de Bruxelles site for an upcoming opening.