ET EXCLUSIVE: Is Josh Duhamel Stepping in for Regis Philbin?

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Is Josh Duhamel in the running to replace the departing Regis Philbin on "Live! With Regis and Kelly"?

A source tells ET's Kevin Frazier that Fergie's movie star hubby, reportedly a favorite guest of Kelly Ripa's, may possibly fill Regis' shoes once the veteran host leaves the morning talk show.

"Wow! Do they have Vegas odds on that?" Fergie asked Kevin with a laugh during this week's Super Bowl preps. "Right now he is actually in New York filming 'New Year's Eve.'"

Pressed by Kevin again whether or not Josh is in the running, the Black Eyed Peas singer deflected with a smile, "You're going to have to ask him that question."

A spokesperson for ABC Disney tells ET, "This one is simply not true," while Regis says, "I haven't heard that name yet. That's a good name. ... Actors have careers that are pretty good to them -- this is a daily thing every morning, so they've got to consider that before they get involved."

According to Josh's publicist, "there is no truth to the story."

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