Rumor Mill: SNL's Seth Meyers eyed to replace Tonight Show-Bound Jimmy Fallon

NBC’s alleged plan to dump Jay Leno and turn the Tonight Show reins over to Jimmy Fallon in 2014 creates a vacancy at 12:35 am — one that’s reportedly close to being filled.

Longtime Saturday Night Live headwriter and “Weekend Update” frontman Seth Meyers is the odds-on favorite to succeed Fallon as host of Late Night, according to the New York Post.

A source told the paper that SNL boss Lorne Michaels (who also produces Late Night) “wants Seth to take over from Fallon. It would be perfect for him.”

Although NBC has yet to officially confirm any changes to its late-night lineup, widespread reports claim Fallon has already received an offer to not only succeed Leno but to move the show back to the east coast.