Piers Morgan, Larry King Piers Morgan, Larry King

Is Piers Morgan going to replace Larry King? CNN says no.

The network denied a report Monday by Britain's The Daily Telegraph that said the America's Got Talent and Britain's Got Talent judge was near a four-year deal to take over King's show in the fall.

Check out photos of Piers Morgan

"Not surprisingly, there is no shortage of people who would love to succeed Larry King if and when he moves on, but rumors that we are close to signing a deal for a Larry King replacement are untrue. We are currently looking at replacing our 8 p.m. program and that is our priority," CNN said in a statement, referring to the vacated hour following Campbell Brown

's departure last month. "Larry is a beloved member of the team, and he will continue to be part of the CNN family into the future."Former New York Gov. Eliot Spitzer is in the running to replace Brown, The Associated Press reported last week.

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The Telegraph said CNN higher-ups were impressed by Morgan's British show, Piers Morgan's Life Stories, on which he interviewed former Prime Minister Gordon Brown. Meanwhile, King, 76, whose Larry King Live first premiered in 1985, has seen a 43 percent drop in his ratings this year, the paper said.

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If Morgan, 45, a former editor of Britain's The Mirror, were to join CNN, he would be the first British journalist with an American primetime news program. The move could force him to quit Britain's Got Talent to relocate to the U.S. permanently.Calls and e-mails to Morgan's rep were not immediately returned.