By Lynette Rice
Updated July 14, 2010 at 03:21 PM EDT

Will Piers Morgan be the next CNN host to help stars rehabilitate their images? Sources who spoke to the New York Times seem to indicate the British interviewer has a future on the news cabler. Word is the America’s Got Talent judge has begun serious talks to replace Larry King, who recently announced plans to retire this fall. An arrangement still needs to be ironed out between CNN and NBC, which has Morgan under contract to host the talent show through 2013.

One insider stresses that King is only in second position with CNN, meaning that a deal may still not happen. Still, the hire of Morgan could be a boon to CNN: The 45-year-old Brit has been hosting Piers Morgan’s Life Stories on the British network ITV for the last year. He previously edited The Daily Mirror.

Meanwhile, NBC Universal Chief Executive Jeff Zucker was asked about the deal on MSNBC’s Morning Joe today and said the following, “Piers will continue on America’s Got Talent for the next three years. That I can tell you. Having said that, I can also tell you he has approached us about asking us to do another job as well and those conversations are continuing.”