Lohan got people talking with recent photographs of her mini-reunions with co-stars Danny Franzese (Damien) and Rajiv Surendra (Kevin G) last month.
But Fey told Extra at the Tuesday premiere of Muppets Most Wanted that the best we can hope for is a cast reunion.
"We’re coming up next month on the 10-year anniversary of the original movie… I can’t believe it either," she said. "We're going to see if there's any way to get everyone together, but not a movie, sadly. We're all past high school age."
Fey already caught up with Lohan on the first episode of Jimmy Fallon's Tonight Show.
“Yeah, I saw her at the first episode of the Tonight Show," Fey told Access Hollywood on Tuesday. "We did that bit with Jimmy, and I said to her, 'Oh, I think someone may call us about doing some kind of reunion because next month is the tenth anniversary of the movie.'"
"And so really… if everyone’s around we might try to do some kind of like panel discussion,” Fey added. “But it’s not like -- it’s not another movie. At most it would be like a panel discussion with a plate of hot wings."
“No, it’s definitely not a movie,” she said. “It’s just the anniversary is coming up, so everybody get your pink shirts. It’s been 10 years. You can tell when you look at me. It’s been 10 years."