Sylvester Stallone says, at the age of 65, he’s ready to draw first blood again as John Rambo.

The actor, who has been writing the fifth Rambo movie for some time, also said that he plans to retire his famous action man after this sequel.

In an interview with MTV, Stallone hinted that the veteran mercenary’s last showdown could take place in Mexico, in a battle against the drug cartels. In the interview he stated that Rambo’s “destiny” was “to go out in a blaze of glory”.

Stallone first played Rambo in 1982 in First Blood and made three sequels – the last of which (Rambo), was released in 2008. He added: "It's one thing where you lay down the final culmination of your life where you can articulate it, but also act on it where he realises what his destiny really is. It's not to be a farmer, it's not to be obscure - it's to go out in a blaze of glory in a heroic fashion ... That's who he is. I'm working on a formula for it right now."

Stallone, who previously played boxer Rocky Balboa six times, has recently finished filming Expendables 2 alongside fellow Hollywood veterans, Arnold Schwarzenegger and Bruce Willis.