The franchise that drew "First Blood" is back with a fourth installment.

Millennium Films in conjunction with Emmett/Furla Films and Equity Pictures are partnering on a $50 million "Rambo IV." Sylvester Stallone is attached to star.

The story centers on former Vietnam vet John Rambo, who is living a reclusive life back home in the U.S. But when a girl goes missing, he is forced to abandon his quiet lifestyle and take justice into his own hands.

No director is attached, and the screenplay is in the early stages.

Millennium's Avi Lerner and Boaz Davidson and Emmett/Furla's Randall Emmett and George Furla will produce along with Kevin King. Exec producers are Danny Dimbort, Trevor Short, John Thompson, Andreas Thiesmeyer, Joseph Lautenschlager and Gerd Koechlin.

The film is set to begin shooting in the spring in Mexico and the U.S.

Millennium, which describes "Rambo IV" as a return to the franchise's original roots, recently announced plans to produce "Poe," a film about Edgar Allen Poe, with Stallone helming before seguing to "Rambo IV."

Stallone will revisit another 1980s franchise when he begins filming "Rocky Balboa" in December.

He is repped by ICM.