Hilton, Spears and Lohan were once close friends and were regulalry seen together on the party circuit in 2006.
The proposed show has been described as a cross between Friends and Ugly Betty.
"The chemistry between them will be electric," a source told Britain's Daily Star newspaper.
"They were very close and have had their ups and downs in the Los Angeles party world but they have overcome those problems now. They can draw from their experiences for the sitcom."
Show chiefs are said to have approached Extras star Ricky Gervais and Desperate Housewives creator Mark Cherry to pen the script, which would see the trio playing characters inspired by themselves.
"Paris will play a fashion designer who will try anything to get her outfits noticed," the source said.
"Britney's character is an aspiring singer, but her unusual song lyrics stop her from hitting the big time.
"Lindsay will be a little like Joey from Friends.”
I might have believed the story a little more if they didn’t say that Gervais and Cherry were attached to it too. So if there was any truth to this story would you watch? I hate to admit, but I totally would because it would be great trash television!!!
