The comic was set to make his debut as the host of the Academy Awards, but stepped down when Oscars producer Brett Ratner resigned after he came under fire for using a homophobic slur during a press conference.
Oscars regular Billy Crystal stepped in to front Sunday's (26Feb12) prizegiving, but Murphy reveals he has not given up hope of hosting the show in the future.
He tells Access Hollywood, "It's still something that I would like to do one day, because all the best comics have done it. It's one of the few things I haven't done in my 35 years in this business, so I would like to have that be part of my resume as well.""
Murphy is adamant he and Ratner would have given the ceremony a much-needed boost, revealing they had big plans to make the evening a music-focused extravaganza.
He adds, ""The other award shows - the Grammys and the American Music Awards - all those music shows, they pop. So there's no reason why the Oscars can't pop too. You've got 10 songs that are up for Song of the Year, so you should have killer musical performances and so the show should be moving and Brett had all these ideas about it.
""He was really gonna direct the Oscars... When he finished telling me about it, (I) was like, 'Yeah! Let's do it!' and that's what I got excited about doing - like a hipper, faster, choppier version of the show.""