Just when Lindsay Lohan thought she was a lock for the coveted role of Elizabeth Taylor in an upcoming made-for-TV movie, she's got competition! Megan Fox is reported to be in the running to play the iconic beauty in the Lifetime film, "Liz and Dick." The movie's executive producer, Larry Thompson, told E! News, "I've been talking to Lindsay Lohan directly, and with her reps, and have been in conversation with other actresses, including Megan Fox. It's a very serious selection. It's like casting Hollywood royalty."

Fox is set to appear in "Friends with Kids", out next December and starring Jon Hamm and Kristen Wiig.