Is Lindsay Lohan Posing for 'Playboy'?

Sources say LiLo posed for a sexy (but not completely naked) photo shoot -- and she's reportedly earning a pretty penny for it!

Lindsay Lohan may be flashing more than her less-than-pearly teeth in the near future. Rumor has it that the down-and-out starlet was in a top-secret photo shoot yesterday that could be for Playboy.

According to E! News, sources say that Lohan's mysterious gig was for the legendary magazine. On Monday, Lohan, 25, was spotted entering a Beverly Hills mansion, reportedly the site for the photo shoot.

But Lohan isn't stripping down on the cheap. TMZ reports that the sexy spread will earn her nearly one million dollars!

So, is Lohan planning to go completely naked?

The insider tells E! News that the photo shoot is for a non-nude layout for the magazine's January issue. It's sure to be titillating nonetheless. But for those keeping fingers crossed for the full monty, she's not there... yet.

Of course the embattled actress' rep is playing coy with the news: "I can neither confirm nor deny at this time," Lohan's rep Steve Honig tells E! News. 

As for Playboy, they too are keeping mystery alive as to whether the troubled starlet will be making a clothed appearance.

"We don't comment on rumors about who may or may not be posing for the magazine...if anything changes, I'll be sure to let you know," added a Playboy rep.

With her multiple arrests and stints in jail, LiLo has been on somewhat of a downward spiral over the past few years. And, somehow, we're just not quite sure that posing for the risque mag is the first step to turning her life around. (Though, the million bucks could certainly help with future court fees!)

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