A reboot of the classic 1980s action franchise Rambo that starred Sylvester Stallone is being developed.

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Brooks McLaren has been tapped to pen the script and Ariel Vromen to direct the feature, said The Hollywood Reporter.

Titled Rambo: New Blood, the new reboot would not see Stallone return as the action hero, like he did in the 2008 outing, but would see a younger actor inhabit the role.

The company is looking at Rambo as a character akin to James Bond.

Rambo was the lead character in a 1972 novel by David Morrell titled First Blood.

Hollywood adapted the book into the hit 1982 movie that starred Stallone in a story that despite its action trappings looked at issues facing disaffected Vietnam War vets.