Aug 05 ( - James Corden is taking over for Craig Ferguson as host of "The Late Late Show" on CBS, an individual with knowledge of the situation has told TheWrap.

A representative for Corden did not immediately respond to requests for comment, while CBS couldn't confirm at this time.

Corden stars in Disney's "Into the Woods" and can currently be seen alongside Keira Knightley in "Begin Again." He also played Paul Potts in the Weinstein Company's "One Chance." He's represented by CAA.

Ferguson, who's hosted "The Late Late Show" since 2005, announced that he would be departing the series in April, noting that he'd exit at "the end of this year."

The host was vague about his future plans, saying "and then I'll do something else .. Probably, I'm thinking, carpentry."

Ferguson's decision to exit the series came after "Late Show" host David Letterman's announcement that he would be retiring.