The Playboy honcho told the TV show "Extra" that he'd be happy to feature the 15-year-old "Hannah Montana" star in his magazine -- when she's of legal age.
"She'd be welcomed in the magazine," he said. "Very pretty lady. And I think to make such a big to-do over something as innocent as those photos, I think is a reflection on how schizophrenic America is about sexuality."
By "those photos," Hef of course means the controversial spread Cyrus did for Vanity Fair's June issue, featuring a shot of her bare-backed, clutching a piece of fabric to her seemingly bare chest.
On April 27, Cyrus issued a statement saying, "I took part in a photo shoot that was supposed to be 'artistic' and now, seeing the photographs and reading the story, I feel so embarrassed … I never intended for any of this to happen and I apologize to my fans who I care so deeply about."
She hasn't spoken publicly about the photos since.