Sylvester Stallone has signed a two-picture deal with Nu Image/Millennium Films. According to The Hollywood Reporter, he will direct and star in both projects from Rambo producers Danny Dimbort, Avi Lerner and Trevor Short.
The two films will be action adventures. At this moment several scripts are being considered for follow-ups to both Rambo and Rocky Balboa. The first of the two films will be ready to go this fall, and the second one will start shooting shortly after that.
Sly stated, "The past year and a half of working with Avi, his partners Danny and Trevor and his film family has been nothing but a high point for me and my career and an extremely rewarding experience. Avi is a real gentleman and a man of his word."