Seth Meyers of 'SNL' To Replace 'Tonight Show'-Bound Jimmy Fallon After Jay Leno's Retirement

“Saturday Night Live” head writer Seth Meyers may be in line to replace "The Tonight Show"-bound Jimmy Fallon as host of NBC's “Late Night.”

A source has told the New York Post that NBC executives are eyeing the “Weekend Update” host to fill the upcoming void on “Late Night.” According to multiple reports, Fallon has already been tapped to replace veteran late-night host Jay Leno on “The Tonight Show.”

“Lorne Michaels wants Seth to take over from Fallon,” the source told the Post. “It would be perfect for him. Tina Fey’s name had also come up, but she has said she was too busy to do it.”

In addition to his critically acclaimed role on “Saturday Night Live,” Meyers appeared in the 2011 films “New Year’s Day” and “I Don’t Know How She Does It.”

According to the New York Post, NBC has already started preparing for the upcoming move of "The Tonight Show" from Los Angeles to New York. The network is building a brand-new set for Fallon at the famous “30 Rock” studio ahead of his rumored 2014 start date. The Post reports that NBC is hoping to ease Leno out of the job so that it can present Fallon as the new host in time for presentation to advertisers in May.

NBC hopes that replacing the aging Leno with the more energetic Fallon will help to stave off ratings gains for ABC late-night host Jimmy Kimmel, especially among younger viewers.

"Kimmel has done extremely well. Jay wins overall, but, on any given night, it's neck-and-neck [among those ages] 18-49. I understand where they might have fear and also feel that they own the solution [in Fallon]," a network official told the Hollywood Reporter.

Meanwhile, Leno has been feuding with network executives for weeks. The 62-year-old legend has been using his monologue to take shots at NBC’s prime time ratings struggles.

"For the first time in history, NBC is going to finish fifth in the ratings period," Leno said during his Feb. 28 monologue. "We are behind the Spanish-language network Univision -- or, as we call it here in Los Angeles, Cinco de Ratings." He then added, "It's so bad 'The Biggest Loser' isn't just a TV show anymore; it's our new motto."

Leno’s comments drew the ire of top NBC executive Robert Greenblatt, who chastised the late-night legend in a serious of angry emails.