Jay Leno is not going anywhere. NBC and the television host have reportedly reached a deal that should keep the 58-year-old at the network and transfer him to prime time.

The Peacock network is due to announce on Tuesday that Jay Leno will be the host of a new show that will premiere next year, following the comedian’s planned departure from “The Tonight Show,” which he has been moderating since 1993.

The program will not compete with David Letterman’s “Late Show,” as it will kick off at 10 p.m. each weeknight and will more likely go up against series like “CSI: Miami.”

NBC announced some five months ago that Conan O’Brien would replace Jay Leno as the host of “The Tonight Show” starting with June 2009 and, thus, the future of the comedian remained uncertain. He has received several offers from various television networks, but NBC made the best bid in an attempt to keep the late-night ratings leader on its weeknight lineup.

Jay Leno was followed by ABC, the Fox network and the Sony television studio and if he had accepted any of the deals, he would have hosted programs that would have rivaled even Conan O’Brien’s show.

Jay Leno, who succeeded Johnny Carson in 1992 at the helm of “The Tonight Show,” is expected to host the program for the last time on May 29. Conan O’Brien, who is currently the moderator of NBC’s “Late Night,” will film “The Tonight Show” in a new studio on the NBC Universal lot in Universal City, California.

The new show is scheduled to begin next fall and will most likely be set in Jay Leno’s longtime Burbank, California, studio. In addition, the comedian is said to keep hold of some of the most important elements in “The Tonight Show,” including his popular monologue and fragments such as “Headlines” and “Jay Walking.”

The program, whose name was not disclosed yet, will be a “stripped” show, as it is scheduled to be aired during prime time on five nights every week, thus marking an impressive innovation for a broadcast network.

Stripped shows have proved to be fundamental for daytime broadcasting.

Jeff Zucker, the chief executive of NBC Universal, has made such offers before. Approximately six years ago, when David Letterman was considering renewing his contract with CBS, Jeff Zucker suggested him to host a show at 8 o’clock on weeknights. Nevertheless, Mr. Letterman did not accept the deal.

Jay Leno’s new show is very likely to be beneficial for NBC, which has been struggling to obtain high ratings during the past few months. Since the program would be noticeably cheaper to produce than any scripted dramatic series, the Peacock network is expected to reduce considerably programming costs.