Variety has confirmed that Crystal will indeed host the Oscars.

Billy Crystal is coming to the rescue for the Oscars -- or so he's tweeting, anyway.

The comedy veteran and eight time Oscar host tweeted on Thursday afternoon that he would be hosting the Oscars, though he added a sarcastic aside: "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."

If true, Crystal will take over for Eddie Murphy, the planned host who withdrew on Wednesday after Brett Ratner resigned from his producing post on Tuesday night. Ratner left amid controversy, including making a homophobic slur at a screening of his new movie, "Tower Heist," last week.

New producer Brian Grazer, who took over last night, was allegedly trying to bring Murphy back into the fold, but instead has turned to a beloved choice to right the ship.

Billy Crystal

Billy Crystal returns for his ninth time as host of “The 84th Academy Awards,” celebrating the outstanding film achievements of 2011 televised live by the ABC Television Network and in more than 225 countries worldwide. Tom Hanks, Angelina Jolie, Halle Berry, Tom Cruise, Penelope Cruz, Jennifer Lopez, Cameron Diaz, Penelope Cruz, Emma Stone and the cast of “Bridesmaids” are among the presenters. The 84th Academy Awards telecast producers are Brian Grazer and Don Mischer. 5:30 p.m., PT/ 8:30 p.m., ET.

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