"Daisy Jones & The Six are a force to be reckoned with," says Atlantic Records president, West Coast, Kevin Weaver.
The singer released the track as part of her Spotify Singles.
Lohan and the DJ dated off and on during the late 2000s.
The single is out on March 24.
The track is the singer-songwriter's first chart-topper among six top 10s.
The collaboration also hits the Hot Christian Songs top 10.
HYBE's BIGHIT Music previously said all seven members would serve in the military and the group is expected to reconvene in 2025.
The track peaked at No. 3 on the Billboard Hot 100 in 1979.
Little Walter: The Complete Chess Masters is this year's classic blues recording album.
In this week's The Contenders: Cyrus’ Endless Summer Vacation is the highest-profile new release, but a global sensation's new EP might have the best shot at dethroning Wallen’s juggernaut.