Jason Merritt/Getty
According to the New York Times, the changes could be announced as early as next week after the Academy's governing members convene for a regularly scheduled meeting.
Some of the possible changes to be discussed could include opening up best-picture nominees to 10 contenders, which also occurred in 2010 and 2011. According to current rules, the best-picture category can range from 5 to 10 nominees.
Other potential changes include expanding the acting categories from five nominees to eight or more. These changes would ostensibly allow room for titles with black stars that get snubbed, as happened this year with "Straight Outta Compton" and "Concussion."
Changes to the membership process are also expected to be discussed following a Twitter message from Academy president Cheryl Boone Isaacs.
"This is a difficult but important conversation, and it's time for big changes," she said. "The Academy is taking dramatic steps to alter the makeup of our membership."
The Academy will be conducting "a review of our membership recruitment" to bring "much-needed diversity" to the organization.