Sylvester Stallone to write and star in Rambo 5

It will be his take on No Country for Old Men, studio says

Sylvester Stallone is using Kickstarter to find funding for his newest film, Reach Me (Getty Images)

Sylvester Stallone is reportedly writing a fifth Rambo film that will see him play the action hero once more.

According to executives at company Splendid Film, the latest sequel will be Stallone’s take on the Oscar-winning No Country for Old Men.

“With Rambo V, Sylvester Stallone returns to his signature role. This time he goes up against the Mexican cartel,” a statement said.

“Stallone, who is also responsible for the screenplay, describes the new Rambo as his version of No Country For Old Men.”

The 67-year-old first played the troubled Vietnam veteran John Rambo more than 30 years ago in First Blood.

Critics ridiculed wooden acting and one-dimensional characters but its commercial success spawned three more films, with the most recent in 2008 seeing the one-man army rescuing aid workers in Burma.

A third Expendables film, also starring Stallone, is also due for release this year.