[Lindsay Lohan] has signed an estimated £2.1million deal to front an explicit photographic book which will contain “full frontal nudity” and “graphic” shots. LiLo will be getting her kit off and posing for photos with former squeeze James Franco, 32. I hear she has had a series of dinner meetings with the hunky 127 Hours actor, who hosted [Sunday] night’s Oscars.

My source tells me: “Lindsay is struggling to get another break in Hollywood. There’s a stigma attached to working with her and she is determined to change this - starting with the photographic book. Terry Richardson has persuaded Lindsay and James to get involved. He has assured them it will be provocative but tasteful. There will be a lot of nakedness - some of it graphic and suggestive - but it will be a real statement book. Obviously there will be comparisons to Madonna’s 1992 Sex book. But James and Lindsay believe theirs will be classier.”