Academy of Motion Picture Arts and Sciences bosses have yet to announce a producer or a host for the 2017 show, which is scheduled for 26 February.

Sources tell The Hollywood Reporter that Jeff Margolis, who directed the Oscars between 1989 and 1994, has met with AMPAS officials, but has yet to receive word he'll be in charge of Hollywood's big night.

Insiders claim the Academy executives are struggling to find a producer or host following the diversity controversy which overshadowed the ceremony this year (16), and led to them adding a historic number of voters to help swell the ranks of women and minorities.

This year's Oscars were the least watched telecast for eight years.