Sylvester Stallone set to direct, produce 'Creed 2'

Hollywood veteran Sylvester Stallone is all set to direct and produce the much-awaited sequel of 2015 hit 'Creed'.

The 71-year-old Hollywood star confirmed he will be working on the movie in 2018 and admitted he was excited about teaming up with ''incredibly talented'' Michael B. Jordan.

He confirmed the news on his official Instagram profile, saying, "Looking forward to directing and Producing The incredibly talented Michael B Jordan in CREED 2 next year .One more Round ! #creed2 #mgm #fighting #workout #exercise #boxing (sic)."

Stallone co-produced the first 'Creed' movie which released in 2015.

The motion picture is a sequel to the 'Expendables' star's 'Rocky' film franchise, in which he plays boxer Rocky Balboa.

Last month, Stallone hinted 'Creed 2' will start production next year.

He posted a screenshot from the first movie and wrote: ''Getting stronger !!! 2018 #Creed 2 #mgm #fitness #Rocky (sic).''

In July, Stallone teased 'Creed 2' could be inspired by 'Rocky IV' and shared a photoshopped movie poster in which Adonis stands toe-to-toe with Russian boxer Ivan Drago (Dolph Lundgren) who was responsible for killing his father Apollo (Carl Weathers) in the ring in the 1985 film.

The first movie, made on a budget of USD 40 million, went on to earn USD 173.6 million globally, with Stallone getting nominated for Best Supporting Actor at last year's Academy Awards.