Millennium Films in conjunction with Emmett/Furla Films and Equity Pictures are partnering on a $50 million "Rambo IV" says The Hollywood Reporter.

Sylvester Stallone is attached to reprise his role of former Vietnam vet John Rambo, who is living a reclusive life back home in the U.S. But when a girl goes missing, he is forced to abandon his quiet lifestyle and take justice into his own hands.

No director is attached, and the screenplay is in the early stages.The film is set to begin shooting in the spring in Mexico and the U.S.

Millenium also plans to produce "Poe," a film about Edgar Allen Poe, with Stallone helming before seguing to "Rambo IV."

Thanks to 'ABKing'