Previously, The Hollywood Reporter published an article stating that Rock was in negotiations to host the Oscars, but today the "Everybody Hates Chris" star confirmed the news himself.
"Look who's back," Rock tweeted alongside a photo of him holding an Oscar.
This will be the comedian's second time hosting the Oscars. He previously hosted the 77th Academy Awards in 2005.
The 88th Academy Awards will be held on Feb. 28, 2016.