The 26-year-old actress is currently in talks to star in the latest installment in the comedy flick franchise, according to E! Online.
However, there’s also another actor hoping to snag a role in the film as well.
Reports also say that Anger Management star Charlie Sheen, despite being killed off in Scary Movie 4, is also closing in on a deal to return for the next sequel, which is currently touted as a complete reboot of series.
If she inks the deal, Scary Movie 5 will be the third movie Lohan will star in since her hiatus in 2010.
The starlet has recently wrapped Lifetime movie Liz & Dick — a biopic of the late Elizabeth Taylor — and is currently shooting The Canyons opposite of adult film star James Deen.
Scary Movie 5 is slated to hit theaters Jan. 11, 2013.
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