Regina Hall, Amy Schumer and Wanda Sykes will reportedly share hosting duties at the 94th Oscars.
According to The Hollywood Reporter, each host will anchor a separate hour of the telecast.
An official announcement will be made on Good Morning America on Tuesday.
The Oscars will be held in front of a full-capacity crowd at the Dolby Theater in Los Angeles on March 27.
Last year, the Oscars were held with limited capacity and required in-person guests to be vaccinated. This year, the Oscars will require proof of vaccination or a negative COVID-19 test result.
Nominations for the Oscars were held last week.
Jane Campion's gothic western "The Power of the Dog" leads all other films with 12 nominations.