Hollywood legend Sylvester Stallone is set to play a hitman in a new mob movie entitled Scarpa.

The New York Post reports that the 68-year-old actor will play hitman Gregory Scarpa, also known as The Grim Reaper, in the mob tale.

Scarpa  was a capo for the infamous Colombo crime family of New York and later became an informant for the FBI.

The film will focus on Scarpa and his work as an FBI informant, as he helps to solve the Mississippi Burning case by allegedly kidnapping a member of the Ku Klux Klan in 1964.

In 1993, Scarpa pleaded guilty to three murders and died a year later in prison of complications from AIDS.

The Lincoln Lawyer's Brad Furman has signed on to direct, with Goodfellas' Irwin Winkler producing.