Amazon has emerged as the front-runner to buy stake in Kishore Biyani-led Future retail and is likely to buy 7-8 percent stake in future retail, said sources.

The deal is in its final stages and could be signed in the next two weeks and is likely to be done through amazon's investment arm and could involve some exclusivity clauses.

The valuation will be finalised closer to the deal signing and post the deal Amazon may set up a microsite for future retail brands.

Amazon experience zones may be set up at future retail outlets

and it had bought 5 percent stake in shoppers stop last year.

Amazon and Samara recently bought stake in Aditya Birla group's retail chain, more.