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Lindsay Lohan to play Elizabeth Taylor?

Actress Lindsay Lohan attends the Cinema Society & Coach screening of "Source Code" at the Crosby Street Hotel on March 31, 2011, in New York.
Stephen Lovekin/Getty Images
Lindsay Lohan attends the Cinema Society & Coach screening of "Source Code" on March 31, 2011, in New York.

(CBS) Lindsay Lohan channeled Marilyn Monroe for her recentPlayboy pictorial, and now the actress' next role could be portraying another Hollywood legend.

Lohan is reportedly in "early talks" to play Elizabeth Taylor in a Lifetime movie about the screen icon's romance with Richard Burton.

Pictures: Lindsay Lohan

The news was first reported by Deadline on Monday, and later confirmed by Entertainment Weekly.

According to EW, "Elizabeth & Richard: A Love Story," would focus on Taylor's long and public romance with Burton. The film was originally announced as part of Lifetime's 2011-2012 development slate.

Taylor and Burton married twice - first from 1964-1974, and again from 1975-1976. Last month, the late actress' jewelry collection, including a number of pieces that were gifts from Burton, fetched $137 million as part of an auction of Taylor's possessions that sold for a total of $157 million.

Lohan's most recent acting credits include the film "Machete" and an appearance on the TV series "Ugly Betty." Like Taylor, who died in March at age 79, she found fame at a young age and grew up in the spotlight.

Tell us: Do you think Lohan should play Taylor?