This would be the second stint for DeGeneres, 55, the star of her own daytime talk show "Ellen," who previously hosted the Oscars in 2007, reported Ace Showbiz.
"I am so excited to be hosting the Oscars for the second time. You know what they say - the third time's the charm," she said.
Producers Craig Zadan and Neil Meron said, "We are thrilled to have Ellen DeGeneres host the Oscars. As a longtime friend, we had always hoped to find a project for us to do together and nothing could be more exciting than teaming up to do the Oscars."
Actor Seth MacFarlane previously hosted the prestigious event.
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