Report: Jimmy Fallon in talks to host Oscars, Lorne Michaels would produce show

If the Academy of Motion Picture Arts and Sciences proceeds with this plan, it may prove awkward for ABC.

APJimmy Fallon

The Los Angeles Times is reporting that Jimmy Fallon is in negotiations to host the 85th Academy Awards and that his former "Saturday Night Live" mentor Lorne Michaels will produce the program.

If the Academy of Motion Picture Arts and Sciences proceeds with this plan, it may prove awkward for ABC, which airs the annual awards show in February.

Fallon hosts a late night talk show, "Late Night with Jimmy Fallon," on rival NBC and the exposure could prove to be a detriment in the late, late night ratings war between ABC and NBC.

Michael's "SNL" also airs on NBC.