UPDATE: Another producer on the film is now denying that the report is true.

Is Lindsay Lohan setting herself up to be the next scream queen?

According to Just Jared, the 22-year-old will be following up her Razzie Award-winning performance in I Know Who Killed Me with another horror film. Lohan has just agreed to star in the remake of A Nightmare on Elm Street.

“We were lucky to receive a call from Jason Weinberg, Lindsay’s manager,” producer Andrew Form told JustJared.com. “He called us to tell us that Lindsay was very interested in the film and wanted to be a part of it. We called Jason back after Wesley Strick finished the script and asked if Lindsay wanted to look at the first draft. She looked it over and loved it. She thought this was the perfect vehicle for her.”

While one might wonder if joining the Nightmare franchise is a smart move for Lindsay, it’s important to keep two things in mind:

1. She needs a job.
2. Johnny Depp also participated in the original. (Granted, his career only went up from there.)

The film, which is being produced by Michael Bay’s Platinum Dunes and New Line, will be helmed by Samuel Bayer. The music video director lists Nirvana’s “Smells Like Teen Spirit” and Justin Timberlake’s “What Goes Around…” amongst his previous credits.