Sainsbury's will be presenting their revised plans for Crosby within "three or four weeks", the supermarket giant has told Crosby MP Bill Esterson this week.
Bill met with Sainsbury's head of planning Sue Willcox and zone director for the North of England Dean Clegg in Parliament earlier in the summer.
During the meeting, the supermarket bosses assured the MP that they would fully consult with the community before submitting revised plans for its Village store.
Sainsbury's original plans for the Crosby Village store were rejected by Sefton Planning Committee in the summer of 2010.
Now after being contacted by Bill Esterson for an update, Sainsbury's said they were making final preparations to the plans before releasing them for the community to comment on.
Bill said: "We have waited a while to see what Siansbury's would come back with, but they assure me that they have taken into account the comments and submissions from members of the public on its previous application when drawing up the new plans.
"I received firm assurances from Ms Willcox and Mr Clegg during my meeting a few months back that any plans they came back with would not have only taken into account the views of the people who live, work and shop here, but also then be open for consultation.
"I look forward to seeing how these plans have altered and hearing what people in Crosby have to say about them."
Crosby Labour Action Team's Veronica Bennett said the team was inundated with residents complaining about the plans last year.
Veronica said: "There were hundreds and hundreds of emails, letters and phone calls from people throughout the time of the original application and there still are because people want to see the Village regenerated.
"Living in Crosby myself I know all too well how much the shopping area needs investment and regeneration. But we the community need to have our say in how our Village is developed."
The Labour MP said the regeneration of the Village is still one of the main issues which residents of Crosby raise.
Bill said: "I speak to a lot of people in Crosby. I spend a lot of time knocking on people's doors here finding out what their concerns are so that I know what issues people want me to take up.
"As a resident of Sefton I feel that is a key part of my job.
"Time and time again the issue of the regeneration of the Village comes up. But while people want to see Sainsbury's making the Village better, they don't want to see the supermarket over-run the town centre.
"Because of that this community declared a firm 'no' to Sainsbury's previous plans because there was a distinct feeling that the scale of the development would have seen Crosby being turned into Sainsbury'sville.
"The message was clear - Sainsbury's needs to be a key part in a thriving and varied Crosby Village. That's what I hope Sainsbury's plan will help to create in the coming years and the people of Crosby need to be right at the heart of the process of drawing up those plans."