My friends Bill and Giuliana Rancic are laughing off reports this week that they are plotting a move to Chicago to succeed the retiring Oprah Winfrey with their own Windy City-based talk show. According to Page Six sources, the show is in development.

"Bottom line, there is only one Oprah! Anyone who would try to emulate or replace the Queen of Daytime would be a fool," Giuliana tells me. "Bill and I have no plans to do a talk show in the near future. It is certainly a goal of ours one day, but we are just too busy at the moment."