"There's nothing but love," says Spencer after O'Dell replaced Mary Hart on ET
Credit: CBS

She’s happy to be on the inside.

Lara Spencer is shooting down rumors that she was angry Nancy O’Dell – and not Spencer – is replacing Mary Hart on Entertainment Tonight.

“That couldn’t be further from the truth,” The Insider host tells PEOPLE. “There’s no feud. I have a great job. I host a show that I love and that I helped launch.”

As for O’Dell, Spencer says the former Access Hollywood co-host “is a really great choice. I’ve known her for years and she’s going to be a great addition to the team. There’s nothing but love – and I mean that.”

Spencer, who relocated to Los Angeles several years ago with her husband and two children, debunks the rumors that she was blindsided by the O’Dell news.

“I understand the speculation, but I am right where I want to be,” Spencer says. “I have been very much in the loop and on board and really happy right where I am.”