Wilko employees who work in these stores won't be automatically transferred in the move however Poundland has said it will "prioritise" existing Wilko workers for roles when they reopen.
Managing director Barry Williams said: “In the coming weeks we will work quickly with landlords so we can open these stores as Poundland’s with the new ranges that have been pivotal to our recent development.
Poundland owner Pepco Group has agreed to acquire up to 71 Wilko stores while B&M plans to buy 51 stores
“Once that process is complete, we will ensure a significant number of the Wilko colleagues will join our Poundland team.
“We recognise the last few weeks have been difficult for them and we will move quickly to secure new consents from landlords so we can offer them the certainty they deserve.”
B&M has also agreed to buy 51 Wilko stores, with these sites expected to reopen under the B&M brand.
Joint administrator Edward Williams said yesterday: “Alongside the previously announced agreement with B&M, we’re confident this sale will create a platform for future employment opportunities for people including current Wilko team members at up to 122 locations.
"We will continue to engage with other retailers around any interest in other Wilko sites and are confident of completing a sale of the brand and intellectual property within the coming days.”