So what would her Mean Girls character, Cady Heron, be up to these days?
"I'm thinking she's been living in Africa and adopts children, very Madonna," the Freaky Friday star shared.
Lohan is currently living her best life in Dubai, and said she doesn’t see herself moving back to the U.S. any time soon.
"I love living in New York, but I do love the serenity and peace that I find living in the Middle East because there are no cameras in Dubai and I can actually focus on what I want to do in life," she explained. "I don't always have to be scrutinized every second. I can have a private life and have a public life, but when I choose to. And I think that's really important."
As far as her private life, Lohan clarified that she is currently unattached after rumors circulated that she was dating the "Korean Hulk," bodybuilder Je-yong Ha.
"I'm not in any relationship," she confessed. "I don't think anyone could be in a relationship with me because I'm never there all the time."
"I have good friends and good family, and I'm happy with myself," she continued, adding that she does want to have a family of her own but is currently "focusing on what I really feel I want to do right now and I think is important to me."
For now, she's back stateside to spend time with her family during the holidays.
"It's Christmas, it's the holiday season," she shared. "I like the crisp, cold weather, running around with my sister and my brother and seeing my mom and dad and family. It's a family-oriented season and it's beautiful."
ET also spoke with Banks about a Life Size 2 movie. Check out her response:
Reporting by Rande Iaboni.