"We're told Hugh Hefner and Co recently came back to Lindsay with an offer less than her asking price - but close enough for her to sign on the dotted line," reports TMZ.
Word is that Lohan was eyeballed making her way into a Beverly Hills mansion on Monday, all ready and primed for her supposed bloomer-less pictorial.
Note the "supposed". Back on your tenterhooks, folks. A snitch tells E! Online that LiLo won't be partaking in any birthday suit shenanigans, per se. She's apparently signed on for a "non-nude" shoot for the mag's January issue. Fully clothed, for a million smackaroos? I should coco.
And don't look to Lohan's rep, Steve Honig, for clarification on the nudie front.
"I can neither confirm nor deny at this time," he said when probed about the spread.
Spare us the raw prawn routine. In other words, it's a yes.
Echoed a rep for Playboy: "We don't comment on rumours about who may or may not be posing for the magazine ... if anything changes, I'll be sure to let you know."
But Lohan's mum Dina seems to have confirmed the news, telling X17Online.com: "The photo shoot went well."
It won't be the first time Lohan's flashed the flesh for the cameras. In 2008, she went topless for New York Magazine, recreating Monroe's infamous Last Sitting photo shoot.
Meanwhile, while she dreams of wanton poses through soft-focus lenses, Lohan's rolling 'em up and getting stuck into her 16 hours per week toiling at the Los Angeles County Morgue.
Reports claim she's on floor-scrubbing and toilet-cleaning duty.
No doubt she'll be tackling that lot with a toothbrush as punishment for fronting up 40 minutes late for her first morgue session last week.
Lohan's due back in court on November 2 for a probation-violation hearing. She could face up to 18 months in the slammer is she's found guilty.
In other Lohan-related news...
The fallen starlet's headline-hogging papa, Michael, has been arrested in Florida on domestic violence charges.
According to TMZ, Tampa cops busted Lohan after responding to reports of a daylong spat with on-and-off live-in girlfriend, Kate Major.
Police report and mug shot here.
Orange prison fatigues ahoy!
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