An accurate replica oscillator-based frequency tracking loop (FTL) is provided. The replica oscillator used in the FTL can be at a lower frequency and therefore can consume much lower power compared to a main oscillator, such as an injection locked oscillator (ILO). The proposed FTL accurately sets the free running frequency of an ILO across process, voltage and temperature (PVT). Techniques are also provided to compensate the gain and offset error between the replica oscillator and the ILO.