Look Out, Kelly -- Kathie Lee Is Comin' for Ya!

The rumors are true -- sources tell TMZ that Kathie Lee Gifford is definitely going to be the new co-host of the 10:00 AM hour at "Today."

Gifford previously hosted "Live With Regis and Kathie Lee" for 15 years, but left in the year 2000. "Today" is on a ratings surge lately -- February sweeps was its second-best since 2004.

A rep for "Today" tells us, "We think Kathie Lee is a tremendous talent, but we have nothing to announce."

If you could see her now!