Crystal, who has already hosted the Academy Awards eight times, said on Twitter: "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."
Eddie Murphy had been chosen as host, but the comedian stepped down after his friend and creative partner, Brett Ratner, resigned as the show's producer when the director was criticized for using a gay slur in an interview.
At the age of 63, Crystal would be the oldest host of the show since Bob Hope in 1978.
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