The troubled actress – who is currently under court order to clean morgues for 16 hours a week – is rumored to be earning close to $1 million for the shoot with the legendary magazine.
Dina confirmed the shoot had been a success, telling X17Online.com: “The photo shoot went well.”
According to reports, Lindsay was initially offered $750,000 to bare all for the Hugh Hefner-owned publication, but turned it down until she was given a higher price.
The Mean Girls actress was spotted at a huge Los Angeles mansion with her sister Ali – herself a model - for a shoot over the past weekend, although both her representative and a spokesperson for the magazine has refused to confirm or deny the claims it was for Playboy.
Meanwhile, Lindsay could face up to 18 months in prison if she is found guilty of violating the terms of her probation for a 2007 DUI conviction, she is due back in court November 2.
Previous stars who have posed for Playboy include Pamela Anderson, La Toya Jackson and Drew Barrymore.