The Mean Girls star reclines in bed with a male and female model in a series of sexual poses - even flashing her breast in one provocative shot, taken for Italian magazine Muse.
Photographer Yu Tsai tells New York gossip column PageSix, "When I asked Lindsay to do a shoot, she jumped at the chance. It was all about her being sexy, channelling Kate from the '90s.
"The three of them were very sensual and provocative, but Lindsay understands this piece was created not for any sensational value other than artistic integrity. She was totally comfortable with the nudity as long as it had artistic integrity. When you see her nipple, it just happened in the moment. It's raw, it's exposed, this is her at her best. She told me: 'I want to make this iconic.'"
It is the second shocking photoshoot Lohan has posed for recently - new snaps for French fashion magazine Purple show the 23 year old topless.