In the latest episode in Lindsay Lohan's fall from greatness, TMZ is now reporting that it has confirmed that LiLo will be shooting nude photos for Playboy. In a deal that has supposedly been in the works for months, Lindsay will be getting a paycheck in the ballpark of $1 million to show the goods.

We're told Hugh Hefner and Co. recently came back to Lindsay with an offer less than her asking price -- but close enough for her to sign on the dotted line. No word yet on which issue Linds will be featured in ... but it's a good bet she'll be on the cover.

[via TMZ]

Her rep is neither confirming or denying the report, but sources say the shoot started over the weekend. This means Lindsay is juggling court ordered morgue duties with getting butt-naked.

Oh, how the mighty have fallen.

Are you gonna scope Lindsay's nudes when and if they are published in Playboy?