Katie Couric is in talks to replace Barbara Walters on "The View" after her day-time talk show is canceled this winter, according to reports. 

"Katie," which just started its second season has already endured problems picking up rating despite ABC's effort to transition the show into more gossip-like.

"They realize it will never be a success and ratings are down drastically from last season," a source told Confidenti@l. "The ABC development team has been working nonstop on new talk show pilots and are looking at high-profile names to replace her, hopefully by January."

Couric isn't too happy of the new direction of her show and has been considered as a replacement for Walters on 'The View,' the show that 83-year-old created.

"Katie may ultimately replace Barbara when she retires," the source said. 

Barbara  announced last May she would leave her on-air seat in 2014, but would remain an executive producer of "The View."

"Execs are so concerned about publicly humiliating Katie by canceling her show in the middle of her second season that they want to put her on 'The View' this year to slide into Barbara's chair," a source said. "The feeling across the board is that Katie is rejected by audiences when she is alone, but on a panel show she's incredible, and even not liking her can work in the show's favor and her favor."

Walters previously said that she admired Couric and has always been a big fan. 

"I love Katie and we are good friends," the source said. "She is always welcome as a guest on 'The View' and I was recently a guest on her show, but there is no truth to the rumor that she will be taking my place on 'The View.'"

Tags: Katie Couric Barbara Walters The View