This is a re-submission of a question by @John Glenn which did not get answered sufficiently. I'll add a few restrictions, to further define the problem:
$R$ = radius of larger circle
$r$ = radius of smaller circle
$\overline{AB}$ = Secant line, which intersects the concentric center with radius: $(R - 2r)$
$P_A$, $P_B$ = Points describing the secant line $(x_A,y_A),(x_B,y_B)$ are known.
$P_1$ = Point describing the center of the leftward smaller circle
$P_2$ = Point describing the center of the rightward smaller circle
Image to fully describe the situation at hand.
I am interested in determining the location of both described inner circles. Any help and explanation of the algebra involved would be greatly appreciated. I have tried to set up the system of equations to solve for either circle center and get lost in the math.
Equation for the smaller circle(s):
$(x-x_p)^2 + (y-y_p)^2 = r^2$
Equation for the large circle (centered at the origin):
$x^2 + y^2 = r^2$
Equation for the tangent line:
$y = mx + b$ where
$m = $$(y_B - y_A) \over (x_B - x_A)$, $b = mx_A-y_A$

The centers of the small circles lie on a circle of radius $(R - r)$, and hence can be expressed as
$C = (R - r) (\cos \phi, \sin \phi)$
The chord is specified by the known points $A$ and $B$ so it has the parametric equation:
$q(t) = v_0 + t v_1 $
where $v_0 = A$ and $v_1 = (B - A)$ and $t \in [0, 1]$
Since the distance between the center $C$ and the chord is $r$, we can find an orthogonal vector to $v_1$, let's call it $v_2$, such that
$v_2 \cdot v_1 = 0$
It is trivial to construct $v_2$ from $v_1$, namely,
$v_2 = (v_{1y} , -v_{1x} ) = (B_y - A_y, A_x - B_x )$
Now, we want to solve the equation:
$ (C - A) \cdot v_2 = \pm r | v_2 | $
Plugging in $C$, $A$ and $v_2$, the above equation becomes:
$ ((R - r) \cos \phi - A_x) (B_y - A_y) + ((R-r) \sin \phi - A_y) (A_x - B_x) = \pm r L $
where $L = \sqrt{ (A_x - B_x)^2 + (A_y - B_y)^2 }$ is equal to the length of the chord $AB$.
This equation has four solutions, with two solutions corresponding to the case when the right hand side is taken with $(+r)$, and another two solutions corresponding to the case when the right hand side is taken with $(-r)$