However, the 45-year-old insists he's the perfect person to help Lohan deal with her problems as she fights accusations she stole a necklace from a Hollywood jewelers, because he understands how the media can "vilify without fact".
"I dare you to get Lindsay on the show. You get Lindsay on the show and I'll call in. I have some advice for her. I have some things for her to consider," the Sydney Morning Herald quoted Sheen as telling US radio show presenter Dan Patrick on Wednesday.
"Work on your impulse control, just try to think things through a little bit before you do it. Now check it - I was not there in the store, the necklace, some bracelet, who cares? I mean, they are just so desperate to vilify without fact," he said.
Lohan, who was already on probation when the incident allegedly occurred in January, has pleaded not guilty to a felony grand theft charge and is currently free on bail after a judge revoked her probation for a previous DUI charge.