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Lindsay Lohan. Picture: Valerie Macon/Getty Images.

Lindsay Lohan is set to tell-all in a new interview.

The actress - who recently cut her father Michael out of her life after he leaked a taped conversation between them in which the actress was fighting with her mother Dina and accused her of being on cocaine - is set to sit down with legendary ABC News interviewer Barbara Walters to discuss her troubled life and career.

Sources close to the actress told US gossip website TMZ that she has agreed to sit down with The View co-host who she has been close to since she was a child after Barbara reached out to her when it was announced she had signed on to play Elizabeth Taylor in the upcoming biopic.

The 26-year-old starlet is desperate to get her career back on track after several stints in rehab and jail for incidents including theft and driving under the influence.

Sources said Lindsay is anxious about doing the intimate interview which will cover all aspects of her private and professional life but trusts Barbara won't be too hard on her because she is a close friend of her family.

The interview has been scheduled to take place sometime over the next few weeks to coincide with the release of 'Liz and Dick' on November 3.

Lindsay recently opened up about her feud with her father, which reignited last week and said she no longer wants to speak to him after he betrayed her trust.

She said: "I'm done with him. He doesn't know what it means to be a father. He doesn't want to be a dad."

During the publicised phone call, Lindsay claimed to her father that Dina was high on cocaine, but she later insisted her words were "hurtful and untrue" and the row with her mother - which came after an evening at a New York nightclub - was not serious.