Rambo is coming out of hiding and looking for some fresh blood.

After a 17-year layoff, Sylvester Stallone is ready to reprise his role as everyone's favorite muscle-bound Green Beret for a fourth installment in the popular 1980s film franchise.

After protracted legal wrangling, the rights to Rambo were snapped up in 1997 by Miramax's genre division, Dimension Films. But a planned Rambo IV stalled. Now, with Miramax heads Harvey and Bob Weinstein exiting Disney, they have sold the sequel rights for the intrepid character to Nu Image/Millennium Films, and the project is finally moving forward.

In addition to breaking the old red bandanna out of mothballs, Stallone, 58, will write the screenplay.

"I've signed the deal and I have the old headband, machine gun and bow and arrow ready to go. I am looking forward to showing movie fans the real action hero again," Stallone said in a statement.

--Oh come on. Just what we need.

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