Stallone last played the role of John Rambo in 2008’s Rambo, which earned $113.2 million worldwide on a $50 million budget.
According to the trade, Rambo V shooting is set to begin in September in London, Bulgaria, and the Canary Islands with Sylvester Stallone once again in the lead, and a director to be announced shortly.
Matt Cirulnick (Absentia) wrote the screenplay for Rambo V (previously rumored to be titled Rambo: Last Blood), which Avi Lerner and Kevin King will produce.
According to Screen Daily, Millennium Films is bringing the fifth film in the Rambo franchise to Cannes this week to cover worldwide sales.