We can all breathe a sigh of relief — for now! Despite reports stating that Will Smith may have to give up his Best Actor Oscar after slapping Chris Rock for making fun of his wife, Jada Pinkett Smith, and her alopecia, Aron says different. In a brief chat with Distractify, Aron says that the chances of the 53-year-old having to return his Oscar "from a practical perspective is remarkably unlikely."

Aron told us that it is still possible that the Academy may require Will to return his award — and it's all due to their "Standards of Conduct."

"The Academy claims to be “categorically opposed to any form of abuse, harassment or discrimination on the basis of gender, sexual orientation, race, ethinicity, disability, age, religion, or nationality," Aron exclusively told us.

Aron went on to share that "while violating these terms can lead to loss of membership and expulsion from the Academy, it's very unclear if the Academy believes Will Smith's actions violated these standards or if they’d actually do anything about it."

Aron's claims follows sources that told the New York Post that Will Smith may be facing the possibility of returning his Oscar.

“It’s basically assault,” a source told the publication. "Everyone was just so shocked in the room. It was so uncomfortable. I think Will would not want to give his Oscar back, but who knows what will happen now."

Keep in mind, Will did apologize to the Academy and his fellow nominees for his actions during his acceptance speech for the Best Actor Oscar, shared by The Shade Room. However, he did not apologize to Chris for slapping him.

Will has yet to publicly address the claims that he may have to give up his Oscar. However, it’s safe to say that the actor may make a public statement at a later time.