Long-time host of "The Tonight Show" Jay Leno will say goodnight to America once and for all in the not-so-distant future.

While no official announcement has come from Leno or NBC, the network is looking to make changes after the 2013-2014 season is finished, a report from The Hollywood Reporter disclosed Saturday, citing anonymous sources.

According to the Atlantic Wire, Leno has had some tough competition in the late-night laughs category from Jimmy Kimmel's show on ABC, which is scaring NBC into thinking it may lose more and more of the coveted 18-34 demographic.

People are speculating that funnyman Jimmy Fallon may take over "The Tonight Show" to lock in the young demographic and keep the laughs rolling in.

NBC might also want a change of command in the late-night TV department because Leno is reportedly an expensive guy to have on the air, and the network is struggling to keep afloat, the Atlantic Wire reported. Leno makes about $20 million a year, the Wire reported.

Leno reportedly did not hint that he wanted to retire, which the Wire suggests is reason to believe he is being forced out

"The fact of the matter is Fallon would be considerably cheaper to pay than Leno for a network that needs to cut costs," the Wire reported.

This is not the first time Leno's retirement has been in the news. Leno left "The Tonight Show" briefly in 2009 to host an earlier version of what was essentially the same show. Conan O'Brein replaced Leno in the 11:30 p.m. time slot, but failed to gain momentum, and Leno retook control over his original time slot in 2010.

Below is a video of Leno announcing his first retirement.

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