A source told
HollywoodLife.com : "Currently lined up for the show is 'The Miley Cyrus Show' [skit], where Miley will address her feuds.
"They are still writing the skit and figuring out who Miley will play, seeing as how she will not be playing herself -- those duties will go to ['SNL' star] Vanessa Bayer."
The drama between the pair reached boiling point at the VMAs in August where Nicki called Miley a "b***h".
After giving her acceptance speech for an award, Nicki said: "And now, back to this b***h that had a lot to say about me the other day in the press ... Miley, what's good?"
Miley responded: "Hey, we're all in this industry, we all do interviews, and we all know how they manipulate s**t. Nicki, congratu-f***ing-lations."
The 'Wrecking Ball' singer previously criticised the way Nicki handled her snub for the Video of the Year prize and got into a mini-feud with Taylor Swift.
Miley said: "What I read sounded very Nicki Minaj, which, if you know Nicki Minaj is not too kind. It's not very polite.
"I think there's a way you speak to people with openness and love. You don't have to start this pop star against pop star war. It became Nicki Minaj and Taylor in a fight, so now the story isn't even on what you wanted it to be about."