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.
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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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