Murphy, a previous Oscar nominee for Dreamgirls, was once the sharpest stand-up comic in the country. It's those skills that might make him the perfect choice, Ratner believes.
The Beverly Hills Cop star, 50, has a close relationship with Ratner. Murphy and Ben Stiller star in the Ratner-directed Tower Heist, opening in November.
Although it is not a done deal, Murphy, a known lover of the Oscars and all other things movie related, is said to be extremely interested and is considering the opportunity.
Billy Crystal has also expressed an interest in hosting the show again and he will reportedly be included in the show in some capacity.
A decision on Murphy is expected before the end of the month.
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