The star is in the running for the best actor prize for his performance in Silver Linings Playbook.
"I am so excited,” he told the TODAY show, before revealing he is just happy to "be in the same room" as fellow nominee Daniel.
Although Bradley is over the moon about his nomination, he also voiced his disappointment that Ben Affleck was snubbed in the best director category. Ben was tipped by some as a favourite to take home the famous golden statuette for his work on political thriller Argo. However, it will be Ang Lee, Steven Spielberg, David O. Russell, Michael Haneke and Benh Zeitlin who will contest the award.
Bradley said he thought Ben was "robbed" after missing out.
Kathryn Bigelow was another big name expected to feature in the best director section, after impressing critics with her latest big screen release Zero Dark Thirty.
Bradley’s co-star Robert De Niro has also reacted to this year’s Academy Award nominations.
Silver Linings Playbook scored a series of nods, including best picture, best director for David O. Russell and best actress for Jennifer Lawrence, with Robert himself in the running for best supporting actor.
"I am very pleased that the academy has chosen to honour the many individuals who were a part of Silver Linings Playbook,” he said.
Tim Burton’s spooky movie Frankenweenie garnered a best animated feature nomination. The filmmaker is delighted that the film has been so well-received.
"Frankenweenie is a very personal film for me,” he said. “I'm so honoured that the academy has recognised this film as one of its nominees."
Amy Adams received her fourth Oscar nomination. The star is up for best supporting actress for The Master, and will compete against Helen Hunt, Sally Field, Jacki Weaver and hot favourite Anne Hathaway. Despite her previous track record, Amy insists it was a surprise to see her name appear on the list.
"I'm excited. It's a little crazy and wonderful. I did not expect it in any way, shape or form. It's one of those nice surprises,” she explained. "It's unreal. Each one has been – the first one was so crazy – each one has had its own set of circumstances. I'm very relaxed this year about it all. I'm just so proud to be in this film. That was my victory. It's validating. I'm so happy to be going.”