Pete Davidson won't be hosting the Oscars...but Selena Gomez might with Steve Martin

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After a lot of recent speculation that he will host the 94th Annual Academy Awards, it appears that is not the case forSaturday Night Live starPete Davidson.Despite rumors that the 28-year-old has been in talks with Oscars producers,Variety reports that numerous sources have confirmed he will not be the chosen lead of the iconic awards show.However, Selena Gomez and her Only Murders in the Building co-stars Steve Martin and Martin Short might have a shot at the prestigious gig.

Not the host: Pete Davidson, 28, will not be the host of the 94th Annual Academy Awards due to his close relationship with competing network NBC; Pictured on November 8, 2021Though an 'informal conversation' occurred between Davidson's team and producers, insiders claim that it's 'highly unlikely' he will be chosen for the job due to his close association with NBC - a competing network of ABC, which broadcasts the event.

However, the event still wants to bring in a younger audience, and they might be able to accomplish that with the help of 29-year-old Gomez.Those involved with the Oscars are reportedly 'intrigued' by the idea of bringing the star and her co-stars to host the show.

New gig? Selena Gomez, 29, and her Only Murders in the Building co-stars Steve Martin, 76, and Martin Short, 71, might have a shot at the prestigious gig 'I mean, they are an iconic trio,' Hulu Originals and ABC Entertainment president Craig Erwich told the publication.'They have mass appeal.