According to the Hollywood Reporter, the Academy is looking at Brian Grazer to join the production in place of Ratner. There's no word on who will replace Murphy yet ... but that's where you come in.
AOL TV fans on Twitter, Facebook and Tumblr have come alive with suggestions, including popular choices like The Muppets and Tina Fey.
Check out some of our favorite suggestions here!
@Loon26: Ellen DeGeneres -- always a hit...;)
@WilsonCleveland: Tina Fey
@JohnHanlon: I would love to see someone like Albert Brooks host the Oscars. Hopefully, he's nominated for one as well.
@kimdcdc: I would love to see @rustyrockets [Russell Brand] host the Oscars!
@kyool: I'd love to see Ricky Gervais, NPH or Billy Crystal as replacement Oscars host
@FramedPanda: The Muppets @MuppetOscars Best idea I've heard today
usetheremote via Tumblr: Seth Meyers
brooklynmutt via Tumblr: Stephen Colbert
Steve Rufle via Facebook: Justin Timberlake.. He's great on SNL
Dalia Cano via Facebook: Tom Burgeron would be my choice. He already does AFV and DWTS. He can add the OSCARS to his resume.
Betz Kimble via Facebook: Truthfully??? Katey Sagal & Kurt Sutter
Stephanie Moir via Facebook: Jane lynch.
Joey White via Facebook: Whoopi Goldberg
Tell us: Who should replace Eddie Murphy as Oscars host?