Actor Billy Crystal arrives to The Academy of Motion Picture Arts and Sciences' tribute to Sophia Loren on May 4, 2011 in Beverly Hills

*Billy Crystal has announced via Twitter that he will replacing Eddie Murphy as host for the next Oscars telecast.

The actor tweeted this afternoon: “Am doing the Oscars so the young woman in the pharmacy will stop asking my name when I pick up my prescriptions. Looking forward to the show.”

Murphy dropped out of the show after his friend Brett Ratner resigned as producer following his homophobic slur.

This will be Crystal’s 9th time hosting the Academy Awards telecast. At press time, there was no official confirmation from either the Academy or Crystal’s camp.

As previously reported, producer Brian Grazer has stepped in to replace Brett Ratner as producer.