Sylvester Stallone announces 'Rambo 5' title

August 22, 2014. Cast member Sylvester Stallone arrives on the red carpet for the special screening of "The Expendables 3" in Macau. (Reuters)

After months of speculation, Sylvester Stallone has finally announced the title for the fifth (and seemingly final) “Rambo” movie, “Rambo: Last Blood.”

The actor simply tweeted earlier this week that he’ll be filming a gangster biopic about Gregory “the Grim Reaper” Scarpa after shooting “Rambo: Last Blood.”

Seven years have passed since Stallone last reprised the role of Vietnam vet John Rambo. The last film, “Rambo,” earned $113 million worldwide.

Since 2008, he’s talked about both retiring the character (who first appeared in David Morrell’s 1972 novel “First Blood”) for good and bringing him back for a last hurrah. Stallone apparently decided on the latter as he’ll be writing and directing and “Rambo: Last Blood,” in addition to starring in the film.

Stallone will be returning to another familiar franchise this month. He also tweeted that he’s headed to Philadelphia to play Rocky Balboa for the seventh time in director Ryan Coogler’s “Creed.” He’ll play the trainer of Apollo Creed’s grandson, portrayed by Michael B. Jordan. Coogler last directed Jordan in 2013’s critically acclaimed “Fruitvale Station.”

Click here to read more in Variety.