"Met with Lindsay last night about a show idea I have for her," Seacrest said via Twitter on Friday. "It helps people and gives others a second shot! Still putting it all together."
In addition to hosting American Idol (see related Q&A), Seacrest executive-produces such series as Denise Richards: It's Complicated and Keeping Up with the Kardashians.
Lohan herself tweeted about the "really great project," describing it as "something meaningful like [ABC's Extreme Makeover: Home Edition]."
"I am excited!" Lohan wrote. (Follow TV Guide on Twitter.)
Neither party elaborated on the exact concept of the show — and a rep for Seacrest did not immediately respond to TVGuide.com's request for further comment — but a source told TMZ.com that it would involve giving people whose lives are on the wrong track a cool million dollars to right themselves.
Lohan, in turn, would serve on a panel of judges determining which hapless individual would best be suited by the life-changing endowment.