The radio host was first rumoured to be replacing outgoing America's Got Talent judge Piers Morgan last week, with the show's producers reportedly considering moving the series to New York City to accommodate Stern's schedule.
America's Got Talent co-creator Simon Cowell later commented that Stern could help breathe new life into the talent competition as it enters its seventh season.
During Monday's edition of The Howard Stern Show, Stern was questioned by a caller on if he will be joining Sharon Osbourne and Howie Mandel on the America's Got Talent judging panel.
Stern replied that he has "no deal with America's Got Talent", but would neither confirm nor deny whether negotiations are under way.
The radio host did suggest that he was, in fact, the ideal choice to replace Morgan and would do very well if he were to join the NBC summer series.
"I take show business very seriously; if I was a judge on there, there'd be no nonsense whatsoever. I would be there for the talent," Stern said.
He added: "I would be there to actually find somebody good! If I had been on there last year, the guy who won, whose name I can't even remember, he would never have won."
Stern went on to talk up his reputation as the self-proclaimed 'King of all Media', adding that no other America's Got Talent candidates could match his record of success.
He boasted: "When it comes to talent and running a business, I've been doing it for 35 years now, I'm probably the most successful radio guy, you know, I mean, entertainment... I'm a phenomenon. I mean, what am I gonna say? I'm a phenom!"
Stern was previously linked to a judging slot on American Idol when Cowell left the Fox series in 2010.
America's Got Talent returns in the summer of 2012 on NBC.
> Sharon Osbourne: 'Piers Morgan America's Got Talent exit really sad'
> Howard Stern: 'I don't feel at home at Sirius XM'