You Cannot Be Serious! will focus on what has been happening in the world of sport each week, The Sun reports.
The comedy show is expected to feature clips, sketches and impressions.
A source claimed that the pilot for You Cannot Be Serious! was "side-splittingly funny" and explained: "The programme will show funny clips from the week's sports and allow Alistair to write new sketches for the first time in ages."
The news comes after it emerged that the new series of Harry Hill's popular show TV Burp will be its last. Hill has said that it will end in March with a "huge finale".
Rumours have suggested that Hill is considering a £2m movie deal with Channel 4, while ITV is reportedly planning to replace TV Burp with a new hidden camera show fronted by Dom Joly.