Ryan Seacrest Says He's a ‘Kid in a Candy Store’ After Landing 'Wheel of Fortune' Gig (Exclusive)

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"I grew up watching the show," Seacrest said

<p>David Becker/Getty Images for iHeartRadio</p> Ryan Seacrest

Ryan Seacrest knows he has one job to do when he takes over hosting duties of Wheel of Fortune after Pat Sajak’s retirement: Don’t mess with the formula.

“With this game show, it's such a success and has been for generations,” Seacrest, 48, told PEOPLE at the iHeartRadio Music Festival in Las Vegas on Friday. “You don't mess with it, just don't mess with it. Just get out of the way, say ‘Good evening’ and let's play.”

“I think I have so much adrenaline rushing through my body. Excitement is the word because it's such a phenomenal show,” he added. “I've been a fan. I grew up watching the show. and I can't wait to take over after the legendary Pat Sajak.”

Sajak, 76, will still helm the show for one more season before Seacrest takes the reins. The gig comes after the radio host left Live with Kelly and Ryan in April, a show he co-hosted for nearly six years.

“It was a good time to go, and then fortunately a couple of weeks later, this other great opportunity came to fruition,” he said, referring to Wheel of Fortune. “I'm a kid in a candy store.”

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<p>David Becker/Getty Images for iHeartRadio</p> Ryan Seacrest

David Becker/Getty Images for iHeartRadio

Ryan Seacrest

Related: Pat Sajak Is 'Looking Forward' to 'Handing Over the Car Keys' to 'Wheel of Fortune' to Ryan Seacrest

Wheel of Fortune's current 41st season, which kicked off earlier this month, will be Sajak’s last. He announced in June that he would retire after the show’s 41st season and shared on X, formerly known as Twitter, that he’d had a “wonderful ride.”

The following month, Sony Pictures Television confirmed Seacrest as Sajak's replacement.

Earlier this week, Seacrest said he is “very excited” that Vanna White will be joining him when he takes over the reins at Wheel of Fortune.

“This is such great news,” Seacrest said while pre-taping an appearance for Sunday Today with Willie Geist, a sneak peek of which aired onToday Wednesday. “Vanna has been such a staple on that show and in our living rooms for so many years. I have been very excited to work with her, but now that it's official, I can say, 'Congratulations Vanna! I can't wait.' ”

<p>Middlesworth/ABC via Getty Images</p> Vanna White, Pat Sajak

Middlesworth/ABC via Getty Images

Vanna White, Pat Sajak

Related: Ryan Seacrest Reacts to Vanna White's 'Wheel of Fortune' Deal: 'Very Happy I'll Be Able to Work with Her'

White has been on Wheel of Fortune for over 40 years, having joined the game show in 1982. A source with knowledge of White's negotiations previously told PEOPLE that she was seeking a pay increase and pay parity with Sajak after earning approximately $3 million a year for the 18 past years without any increases.

Continuing to chat with PEOPLE at the iHeartRadio Music Festival, Seacrest spoke candidly about his relationship with White, 66.

"We text recently and she's the most lovely person,” the American Idol host said. “We've known each other for a long time, and I think we both feel excitement about all of this."

He added, "And also, just to watch Pat and Vanna celebrate their final year together after 40-plus years co-hosting that show, it's history in the making.”

Wheel of Fortune airs weeknights in syndication (check local listings).

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Read the original article on People.