Lindsay Lohan Wears Lingerie, Cries in The Canyons Trailer

Entertainment Oct. 9, 2012 AT 1:15PM

Lindsay Lohan is preparing to make her big screen comeback.

Appearing as Elizabeth Taylor this November in Lifetime's made-for-TV biopic Liz & Dick, Lohan, 26, will follow her television turn with The Canyons, tentatively set for a theatrical release in 2013.

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In the flick directed by Paul Schrader and with a screenplay by novelist Bret Easton Ellis, Lohan shares the screen with porn star James Deen, whose character Christian is described in a new Canyons trailer as "the boy-next-door gone bad."

James Deen and Lindsay Lohan
James Deen and Lindsay Lohan
Credit: facebook.com/TheCanyonsFilm

Lohan plays Tara, and as the just-released preview trailer reveals, shows plenty of skin. Still, Deen insists the project -- which carries the tagline "Welcome to The Canyons, where the sex is as cheap as the budget" -- is not an adult film. "We are not trying to arouse people. If someone does get aroused, well, it happens," Deen, 26, told Animal New York. "It's like American Psycho, Less Than Zero," he said of earlier films based on Ellis' novels. "It's not graphic sex for the sake of graphic sex. In the script you don't see anything like, 'You see Tara turn around and flash her boobs!'"

VIDEO: Lindsay's Liz & Dick costar says she's Elizabeth Taylor reincarnated

Instead, the film focuses on "the dangers of sexual obsession and ambition among a group of young people in their 20s and how one chance meeting connected to the past unravels all of their lives," according to the project's official synopsis. Producers of the movie casted a role in the film using Mobli, with users submitting audition tapes through the photo video app.

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During filming of The Canyons, costars Deen and Lohan got along so well on-screen that they battled rumors they were an item off-screen. Speaking to Animal New York, Deen quelled speculation of a romance. "I can definitely, honestly say Lindsay Lohan and I are not having sex!" he told the website. And if he were, "I think I would tell everybody."

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