LiLo and Hollywood hottie Megan Fox are battling it out to play the Hollywood legend in the biopic Liz and Dick!

IT'S GAME ON FOR LINDSAY LOHAN AND MEGAN FOX, AND THIS TIME THE BEAUTIES ARE BATTLING IT OUT FOR THE COVETED ROLE OF ELIZABETH TAYLOR.


IT'S NO SECRET LINDSAY IS VYING FOR THE ROLE OF ELIZABETH TAYLOR IN LIFETIME'S UPCOMING BIOPIC LIZ AND DICK BUT COULD THE TROUBLED STARLET BE FACING SOME STIFF COMPETITION FROM MEGAN FOX??

EXECUTIVE PRODUCER OF LIZ AND DICK, LARRY THOMPSON TELLS E HE'S QUOTE been talking to Lindsay Lohan directly, and with her reps, and have been in conversations with other actresses, including Megan Fox. 'It's a very serious selection. It's like casting for Hollywood royalty.'

ELIZABETH TAYLOR CERTAINLY DOES HAVE SOME BIG SHOES TO FILL, WHICH MAY BE A PROBLEM FOR LILO WHO IS ON PROBATION UNTIL THE END OF MARCH.

BUT THEN AGAIN WHO COULD FORGET HOW MEGAN WAS FAMOUSLY FIRED FROM TRANSFORMERS BACK IN 2010?!

EITHER WAY, A DECISION IS EXPECTED TO BE MADE SOON WITH FILMING SCHEDULED TO BEGIN AS EARLY AS THIS SPRING..