There's always plenty of drama at the Academy Awards, but this year's ceremony could set a new standard: Jennifer Aniston may finally meet up with her ex-hubby, Brad Pitt, and her nemesis, Brad's partner, Angelina Jolie!

Both Angelina and Brad are Oscar nominees (she's up for best actress for Changeling, he's a best-actor contender for The Curious Case of Benjamin Button), so the couple are expected to attend the Feb. 22 event. But the big news is that Jen's planning to be there as well. "She's going to be a presenter," an insider tells Life & Style. In fact, she's considering presenting the award for Best Animated Feature -- a category that includes another Angie movie, Kung Fu Panda!

Even more shocking? It's not the first time Jen has reached out to Brad and Angie: She invited them to her 40th-birthday party at her LA home on Feb. 7, but they were traveling and couldn't make it.

Now Jen's thinking of making a public peace offering. "She says her goal for Oscar night is to be photographed hugging Brad and shaking Angelina's hand," says the insider."

Tune into the Oscars on ABC on Feb. 22 -- and for more about Jen's meeting with Brad and Angelina, pick up the latest issue of Life & Style Weekly, on newsstands now!

Photo Credit: Retna