The Oscar chiefs are allegedly concerned over the lack of stunning performances by actresses this year, and are said to be struggling to find a decent list of nominees.
It means Streep, who received a Best Actress nomination at the 2009 ceremony for Doubt, is the favorite to pick up her third Academy Award next February.
An Oscars insider tells Britain's Daily Express, "It's only just dawning that there's a distinct lack of potentials in the Best Actress category. Not that there have been terrible performances, far from it, it's just that there have been very few good leading roles for women.
"It's been a pretty lackluster year for movies in general but it seems that no one wrote any decent lead roles for women. There are many to choose from when it comes to supporting actresses but very few in the lead. It looks like Meryl Streep may do it again as she has played the lead to acclaim in two films out this year."
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