Managing the timing constraints has become an important factor in the physical design of multiple supply voltage (MSV) integrated circuits (IC). Clock distribution and module scheduling are some of the conventional methods used to satisfy the timing constraints of a chip. In this paper, we propose a simulated annealing-based MSV floorplanning methodology for the design of ICs within the timing budget. Additionally, we propose a modified SKB tree representation for floorplanning the modules in the design. Our algorithm finds the optimal dimensions and position of the clocked modules in the design to reduce the wirelength and satisfy the timing constraints. The proposed algorithm is implemented in IWLS 2005 benchmark circuits and considers power, wirelength, and timing as the optimization parameters. Simulation results were obtained from the Cadence Innovus digital system taped-out at 45 nm. Our simulation results show that the proposed algorithm satisfies timing constraints through a 30.6% reduction in wirelength.