Publisher Reef Entertainment has acquired the rights to the action film series from StudioCanal, according to MCV.
While few other details have been announced, Rambo will apparently feature a "gritty atmosphere" and "full-on" action.
"I am a big fan of Sylvester Stallone movies, and when we had the opportunity to secure the video game rights from StudioCanal for the Rambo franchise, we had to grab it with both hands," said Reef Entertainment CEO Peter Rezon.
"With the success of the most recent Rambo film, and an international appetite for action movies with Expendables 2 scheduled for release next summer, we felt now was a good time to do something special with this licence."
The first three films in the Rambo franchise have grossed over $600 million (£367m) in revenue to date. They were followed by a fourth film in 2008.
Discussions began in 2009 for a fifth Rambo movie, which would have seen the Vietnam War veteran fight a "feral beast" created by government experiments.
However, the science-fiction twist was soon dropped and plans for the fifth film were scrapped the following year.