Yesterday (January 17th), it was reported that Lindsay Lohan was close to signing on to play Elizabeth Taylor in an upcoming biopic.

But don't pop a bottle and celebrate Lindsay's return to film just yet.

She may have some competition for the role from another controversial starlet— Megan Fox.

“I’ve been talking to Lindsay Lohan directly, and with her reps, and have been in conversations with other actresses, including Megan Fox,” Larry Thompson, the executive producer of Lifetime's "Liz and Dick," told E! News.

Who do you think should play Elizabeth Taylor— Lindsay Lohan or Megan Fox?

[Just Jared]