A report on Showbiz 411 said that Lohan was "this close" to signing on to the Warner Bros. movie — but an individual familiar with the project says that's far from the case.
"It's NOT true. She will not be cast in any role in the movie. She is not being considered for any role in the movie. She won't be in the movie," said the Hollywood insider, who added that no one has been cast aside from Affleck himself.
Based on the novel by "Mystic River" author Dennis Lehane, "Live By Night" chronicles the rise of a gangster in prohibition-era Boston who spends time in prison and starts his life over in Florida, only to be caught between two rival gangs and two women.
Affleck is set to star opposite Rosamund Pike in David Fincher's "Gone Girl."