Lindsay Lohan Date With Freddy Krueger???

OOops... Nope...Lindsay Lohan no Date With Freddy Krueger. Her life isn't that much of a Nightmare after all.

Earlier today, it was reported that Lindsay Lohan has signed on to star in the remake of A Nightmare on Elm Street, LiLo's rep insists that Lohan won't be sharing screen time with Freddy Krueger.

Lindsay Lohan's rep says "It's not true,""We don't know where this all came from, but there's nothing there."

A rep for the studio, New Line, also confirms Lohan has not been cast.

Already on board the horror flick is über-producer Michael Bay. Samuel Bayer, the famed music-video director responsible for Nirvana's "Smells Like Teen Spirit" and Blind Melon's "No Rain," among others, will make his feature directorial debut on the project.

If a leading lady is signed soon, cameras could roll on the reimagining of Wes Craven's horror show as early as this spring. But producers have yet to cast their Freddy Krueger, and have made it clear the villain's originator, Robert Englund, will not reprise the character.

Which probably explains why there's no tentative release date set for the film, though this year marks the original dream-haunters' 25th anniversary.

With the Lindsay Lohan rumors DOA, we gotta ask: Who should be the female lead in the new Elm Street? Let the suggestions begin.