Lindsay Lohan has reportedly opened discussions with Lifetime to take on the role of the late screen legend in TV movie 'Elizabeth & Richard: A Love Story,' which will focus on Taylor's tempestuous romance with actor Richard Burton, according to Deadline.com.

The project is set to be produced by Larry Thompson and is being written by Christopher Monger.

Although Taylor was married to seven different men during her lifetime, she considered Burton to be the love of her life and she tied the knot with him twice before their romance ultimately ended in a second divorce in 1976.

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The 'Cleopatra' star died aged 79 in March 2011 from congestive heart failure.

If the project goes ahead, it will be Lindsay's first acting role since she appeared in 2010 movie 'Machete'.

The 25-year-old star – who recently posed naked in Playboy – has seen her career take a back seat to her troubled personal life in recent years, which have seen her have numerous court appearances, brief jail stints and undergo rehab treatment for alcohol and substance abuse.