Cooper will stay at CNN as the host of 'Anderson Cooper 360' and will contribute occasional reports to '60 Minutes' - which will also air on Cooper's show.

It will be the second time the networks have shared on-air talent. Cooper's CNN stablemate, Christiane Amanpour, contributed to '60 Minutes' for several years.

Reps for CBS and CNN would neither confirm nor deny the deal.

Cooper, who turns 39 in June, would be the youngest '60 Minutes' contributor by far.

He would also add another fresh face to the venerable newsmagazine. Katie Couric, who's jumping to CBS to anchor the 'CBS Evening News,' will also get a '60 Minutes' slot.

Mike Wallace, the face of '60 Minutes,' announced last month that he's retiring from the show.

Wallace is reportedly being wooed by NBC to join its news division.