NEW YORK ( TheStreet) -- ING Group ( ING) and Toronto-Dominion Bank ( TD - Get Report) are among several parties in talks to purchase Chrysler Financial , the auto lender owned by Cerberus Capital Management, the Wall Street Journal reports.

A deal valued at several billion dollars could be reached in the next few weeks, though there is no assurance the talks will lead to a sale, the Journal says, citing a person close to the matter.

Cerberus likely will retain assets of Chrysler Financial as part of any deal, reducing the size of any transaction, according to someone familiar with the matter, the Journal reports. Cerberus was approached by several parties in recent weeks about a purchase of Chrysler Financial.

Bloomberg first reported at the end of November that Cerberus was seeking buyers for Chrysler Financial. The private-equity firm acquired the lender as part of its takeover of Chrysler LLC in 2007.

-- Written by Joseph Woelfel

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