Stallone, 68, will also be directing ‘Last Blood’, which will be the fifth film in the Rambo franchise, reported Screen Rant.
He tweeted: “Doing Scarpa based on Gangster Greg Scarpa after Last Blood Rambo..”
Stallone is currently filming his role in mob story Scarpa and Rocky spin-off ‘Creed’ is in pre-production.
In an interview back in August, he said he was already getting into shape to reprise the role.
“I’m starting to work out. I’m going to be appropriately vicious and all that stuff, but intellectual. A killer with a heart.
“Smart, yet stupid. Tall, yet short. Broad, but thin. You know what I mean. We’re going to try to cover all the boundaries.”
His next project is animated film ‘Animal Crackers’, where he will voice the character of Bullet-Man, alongside Ian McKell
PTI