01/09/2012 10:30 pm ET Updated Mar 10, 2012

Lindsay Lohan Playing Elizabeth Taylor In Lifetime Movie? Star In Talks

Cue the backlash in 3... 2... 1...

Most recently seen posing nude in a Marilyn Monroe-inspired Playboy shoot, Lindsay Lohan may be headed back to classic Hollywood to play Elizabeth Taylor. With her clothes on.

The Hollywood Reporter has confirmed that Lohan is in early talks to play Liz in a Lifetime movie that has been in the works since May. Taylor passed away in March.

Lohan has been in the news largely for her legal troubles the past few years; starting in 2007 with a misdemeanor DUI, she's violated the terms of her probation on a number of occasions, leading to various jail stays, the most recent in November. She spent just 4 1/2 hours behind bars in her last stint due to overcrowding, and has been working court-mandated hours at a morgue and attending therapy.

Taylor, one of Hollywood's most iconic actresses, is also set to be portrayed, at least in a round about way, by Angelina Jolie, who has long been committed to starring in a remake of Taylor and Richard Burton's disastrous film "Cleopatra." It was reported in June that Martin Scorsese had optioned the film rights to "Furious Love," a book about Taylor and Burton's storied and troubled love.

For more, click over to The Hollywood Reporter.